The euro extended its slide toward $1.15, a three-month low, after the European Central Bank left rates unchanged while maintaining a steady view on growth and inflation. 

Gold slipped below $4,000 per ounce, pressured by dwindling bets on further U.S. rate cuts. Market pricing for a December cut eased to 65%, down from over 90% a week earlier after cautious Fed remarks. Brent crude retreated below $65 per barrel, with oversupply fears offsetting OPEC+’s plan to halt production increases from January to March 2026. Analysts warned of a potential market surplus in 2026 as both OPEC and non-OPEC producers continue to ramp up output.

Across Asia, the offshore yuan weakened below 7.13 per dollar, near a one-week low, following disappointing manufacturing data. 

Take a look at today's analysis for more information!