EUR/USD extended its three-day climb and approached 1.1580, supported by softer US data that kept the dollar subdued. The European Central Bank’s guidance, indicating steady rates through 2026, added an upward pull to the pair.

The Japanese yen held close to 156 per dollar, with speculation of possible FX intervention keeping the currency supported. With the US Thanksgiving holiday approaching, some analysts see a narrow window for Tokyo to act. A weaker run of US consumer figures and dovish expectations surrounding the next Fed chair also limited dollar strength.

In commodities, gold advanced toward $4,150, touching a two-week high after delayed US indicators showed easing retail sales and steady producer inflation. Both developments strengthened expectations for a December policy shift. 

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