According to Jinshi Data on August 26, Alex Kuptsikevich, senior market analyst at FxPro, said in a report that the decline in Germany's IFO business climate index could be bad news for the euro as it indicates a further deterioration in the macro economy. The index fell for the fourth consecutive month in August. However, the market has little doubt that the European Central Bank will cut interest rates in September, so the short-term reaction is limited. He pointed out that the slowdown in industry and services tends to suppress prices, but this can be a rather long and indirect process. He added that this means that people will pay more attention to German inflation data on Thursday.