According to Jinshi Data, ING Bank said that the latest ZEW survey may show that German economic confidence fell sharply in August, but it is unlikely to affect the euro. Analyst Francesco Pesole pointed out that the market has basically digested the weak economic growth in the euro zone, and higher-than-expected inflation has also prevented the ECB from pricing in a sharp interest rate cut. The continued improvement in risk sentiment after the recent sell-off is an important factor affecting the trend of EUR/USD. Before the Fed cuts interest rates in September, the euro may rise from the current 1.0933 to above 1.10 against the US dollar.