The euro probed fresh two-year lows, extending a multi-month trend of weakness against the dollar that traders say will remain intact in the new year.
Oil prices rose as Asian markets opened strongly and as consensus spread that Brent prices would likely remain above $60 for the rest of the year.
Gold edged up on buying interest from Asia but retained most of last week's losses, as strength in the dollar and equities dulled the metal's appeal.
Asian equities largely rose on a data-light Monday following a bounce in oil markets and a third consecutive winning session on Wall Street last Friday.
Stocks rose on Friday, after the S&P 500's best two-day streak in years.
Bids emerged after yields rose on comments from Fed Chair Janet Yellen about patience on rate hike.
European shares closed mixed on Friday, with Italian banking stocks and the health care sector weighing on wider benchmarks.
The U.S. dollar rose against major currencies for a third session on diverging monetary policy between the Federal Reserve and other central banks.
U.S. crude futures rallied more than $2 a barrel on Friday on book-squaring ahead of the contract expiry and pre-holiday short-covering.
Gold steadied struggling to rise above the $1,200 an ounce mark as the dollar firmed and investor appetite for risk increased.
Asian equities put up an upbeat performance on the final trading day of the week, following an inspiring U.S. lead overnight as investors cheered the Federal Reserve's pledge to be patient in increasing interest rates.
U.S. stock index futures signaled a higher open following Thursday's rally, which saw the Dow industrial average climb to a three-year high.
Stocks surged on Thursday after the Fed said it would be patient in increasing rates and as oil rose.
U.S. government debt prices moved lower on Thursday, after the Federal Reserve tweaked its comments on the timing of an interest rate rise.
European shares closed sharply higher on Thursday with global sentiment boosted after the Federal Reserve said it had confidence in the economy.
Gold climbed more than 2 percent after the Federal Reserve said it would take a patient approach toward raising interest rates.
The U.S. dollar rose against major currencies for a second session on Thursday after the Federal Reserve's signals that it could hike rates soon.
Global crude prices fell again on Thursday, a day after rallying, as traders placed new bets that the market would resume a six-month rout.
Asian equities mostly rose on Thursday, with the exception of Seoul, as investors took heart from a turn in oil prices and after the Federal Reserve said it was confident in the U.S. economy.
Stocks rose Wednesday as investors bet the Fed would continue to support the economy.
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