Euro Crumbles Below 1.1650 as Markets Eye Powell's Jackson Hole Speech

The euro has fallen below $1.1650 against the US dollar as investors await clues on monetary policy from the Federal Reserve's Jackson Hole symposium.

Market participants are shifting their focus to the central bank's virtual gathering, scheduled for August 26-28, where Fed Chair Jerome Powell is expected to deliver a highly anticipated speech on Friday.

The euro has been under pressure due to growing expectations that the Fed will begin tapering its asset purchases sooner than previously anticipated.