Euro Falls Below 1.1650 Amid Anticipation of Powell's Jackson Hole Speech

The euro has fallen below 1.1650 against the U.S. dollar as investors await clues from the Federal Reserve's Jackson Hole symposium.

This comes as expectations grow that the Fed will begin tapering its asset purchases sooner than anticipated, leading to a stronger dollar and added pressure on the euro.

Market participants are now looking ahead to the virtual Jackson Hole event, where Fed Chair Jerome Powell is expected to deliver a highly anticipated speech on Friday. Analysts suggest that Powell may use this platform to signal a taper announcement later this year, possibly in September or November.