China's currency showed resilience despite IMF criticism of Beijing's stimulus efforts, with authorities promising further economic support.

Stronger US inflation initially supported the dollar, but cautious Fed comments reduced expectations for an October rate hike. The shift helped the euro recover toward $1.12 and gold rebound to $4,150, supported by lower Treasury yields. Still, persistent inflation keeps the possibility of further tightening alive.

Brent slipped toward $104 as profit-taking interrupted its recent rally. Reports that Washington could ease sanctions on shadow fleet tankers carrying Russian, Iranian and Venezuelan oil raised the prospect of additional supply and lower shipping costs. The decline also offered some relief from energy-driven inflation pressures.

Check out today's market updates!