Forex indexes change by the minute even the slightest of change in the markets and here the tides of the indexes turn around by two to three digits. Forex has been fluctuating quite a lot following the shaky global markets.
The European markets have been impacted deeply by the United states and China trade war. The markets are also being impacted by the Brexit issue which can prove fatal to the European Union if a no deal Brexit gets a green light. All of these factors are adversely affecting the European currencies. The euro falls to its lowest in two-and-a-half years against the United States dollar on Monday 30th September as concerns about euro zone growth weighed on the single currency, while the greenback benefited from seasonal demand and uncertainty arising from the U.S.-China trade war. German annual inflation unexpectedly slowed for the third consecutive month in September, data showed on Monday. United States and China are preparing for another round of trade talks to solve their spat scheduled for Oct. 10 and 11. Uncertainty around the outcome of an impeachment inquiry into Trump may also provide safe-haven demand for the greenback. With all of these factors the Forex index is estimated to take the biggest hit is a no deal Brexit gets through and the euro of the European union will be shattered to pieces and go to record breaking lows if this happens.
It’s a pretty volatile market now and the Euro is very vulnerable to damage in the forex indexes as well as the global currency indexes.