Dollar blows away 100 mark
The dollar rallied even after disappointing U.S. inflation and consumer sentiment data, which normally would weaken the currency.
"This isn't so much about the data, rather the Fed and what to expect from next week's meetings," said Camilla Sutton, chief currency strategist at Scotia Capital inToronto.
The dollar index < added 0.9% to 100.32.
U.S. crude fell 4.1% to $45.14 per barrel, while Brent crude fell 4.2% to $54.69. The global oil glut is getting bigger and U.S. production shows no sign of slowing, the International Energy Agency said.
Largely because of the oil selloff, the Thomson Reuters/CRB Commidities Index settled at a six-year low.
The U.S. benchmark 10-year Treasury note yield <US10YT=RR> rose to 2.1157% from Thursday's 2.096%, reflecting a price decrease of 6/32.
"The market's consolidating," said Kim Rupert, managing director of global fixed income at Action Economics in San Francisco. "It's hard to be a buyer at this point."
Spot gold edged up 0.2% to $1,156 an ounce, following nine consecutive sessions of declines. Copper also gained 0.2% and was on track to finish the week with a 2% gain.