EUR/USD extended its advance for a fourth straight day, breaking above 1.1600 to a one-and-a-half-week high, with softer US data and strong easing expectations keeping the dollar under pressure. The Japanese yen also strengthened past 156 per dollar, supported by speculation that Tokyo could consider action during the US Thanksgiving window, a possibility that has already helped limit further weakness without any direct move.

Gold hovered near $4,150, just below a two-week high, supported by persistent rate-cut pricing and speculation that Kevin Hassett, viewed as a dovish option, could become the next Fed chair. Brent crude slipped back under $63, reversing part of Wednesday’s gains as participants waited for clearer signals on supply while Russia, Ukraine talks continued; any eventual easing of sanctions on Russian crude is expected to feed into supply only gradually.

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