Euro Plummets To Over Two Year Low – 30 September, 2019

As German annual inflation slowed down unexpectedly, the euro fell to a two and a half year low against the U.S. dollar which benefitted from ongoing U.S.- China tensions and seasonal demand. The euro fell 0.36% to $1.08999, just above the May 2017 low of $1.0883 it hit earlier in the day. The New Zealand dollar dipped to a four year low of $0.6247, with a survey showing business sentiment weakened to an 11 1/2 year low. Blame for the slowing global economy is being placed on the U.S.-China trade war, with china and Washington preparing for trade talks on October 10, as well as for the recent inquiry into the impeachment of President Donald Trump.