European Bonds

Gold rose about $33 near $4,196 even as the USD Index traded above Thursday’s high near 102.5 in Asia. FXCOINZ finds the move reflects Europe-driven dollar strength, easing oil pressure, and a rebound in gold after a 3.6 percent weekly decline.

EUR/USD has dropped sharply as rising Treasury yields, pressure in European bonds and stronger demand for the US dollar shift market sentiment. The pair’s slide below the 1.12000 area keeps traders focused on support near 1.11760 and the risk of sharp counter moves.