The euro slipped just below $1.16 ahead of delayed U.S. inflation data and early European PMI readings, while the dollar held a mild advantage on renewed optimism over U.S.-China trade talks. The offshore yuan stayed firm near 7.12 per dollar, with officials from both countries set to meet in Malaysia over the weekend to discuss easing trade strains.

In Japan, the yen traded around 151.9 per dollar after Prime Minister Sanae Takaichi unveiled plans for a large-scale stimulus package. The announcement strengthened expectations that the Bank of Japan could hold off on additional rate hikes.

Commodity markets showed contrasting trends. Gold slipped below $4,090 per ounce as investors locked in profits following recent highs, while Brent climbed more than 4% above $64 per barrel after reports suggested India may scale back purchases of Russian oil under a potential U.S.-India trade deal, supporting demand from other suppliers.

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