The euro fell, while the dollar was supported by strong data and geopolitical tensions

ChainCatcher news, according to Jinshi reports, ING analyst Chris Turner pointed out that the euro is declining as the dollar strengthens and hopes for a short-term resolution to the Russia-Ukraine conflict fade. He mentioned that the U.S. Purchasing Managers' Index released on Thursday exceeded expectations, leading the market to lower its bets on a rate cut by the Federal Reserve in September, further boosting the dollar. If Fed Chairman Powell's speech at Jackson Hole prompts the market to reduce the probability of a rate cut in September, the euro may continue its downward trend, falling towards 1.15.