A steady mix of policy expectations shaped the final trading session of the week, setting a cautious but constructive tone across global markets. EUR/USD regained momentum in the Asian session, climbing back into the mid-1.1600s after Thursday’s retreat from the 1.1680 area. 

Gold slipped below $4,200 per ounce yet stayed close to multi-week highs as attention shifted to the delayed September PCE release, the Fed’s preferred inflation measure. The report is expected to shape the direction of policy at next week’s FOMC meeting. Discussions around a potential leadership change at the Fed, with Kevin Hassett seen as a contender to replace Jerome Powell, have also contributed to a more dovish tone. 

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