ING Groep(US:ING) Sou Hu Cai Jing·2025-08-22 10:11Core Viewpoint - The report by ING analyst Chris Turner indicates that the euro is declining due to a stronger dollar and diminishing hopes for a resolution to the Russia-Ukraine conflict [1] Group 1: Economic Indicators - The US Purchasing Managers' Index (PMI) released on Thursday exceeded expectations, leading the market to reduce bets on a Federal Reserve rate cut in September, which in turn strengthened the dollar [1] - If Federal Reserve Chairman Jerome Powell's speech at Jackson Hole further encourages the market to lower the probability of a September rate cut, the euro may continue its downward trend towards 1.1500 [1] Group 2: Geopolitical Factors - Efforts by former President Trump to end the Russia-Ukraine conflict have not made progress, contributing to the negative sentiment surrounding the euro [1]