The euro fell against the dollar while ING said that France’s political turmoil has not yet had much impact on the euro.

The euro rose to a two-and-a-half-month high against the dollar, driven by U.S. interest rate cut expectations, improved risk appetite and comments from ECB member Isabel Schnabel.

The prospect of three full 25 basis-point Fed rate reductions by year-end, combined with expectations that the ECB won’t cut ...