US stocks closed higher on Friday as more investors piled in on the presidential election rally while the euro continued to weaken.
US Treasury yields climbed with benchmark yields marking a fifth consecutive week of increases on stronger-than-forecast data on China inflation.
The Dow Jones industrial average closed up 142.04 points, or 0.72 per cent, to 19,756.85, the S&P 500 had gained 13.34 points, or 0.59 per cent, to 2,259.53.
The Nasdaq Composite had added 27.14 points, or 0.5 per cent, to 5,444.50.
The euro fell for the second day. The euro traded around $1.0552, down 0.6 per cent EUR= on the day and down 1.1 per cent for the week.
The dollar rose 0.5 per cent on the day and 0.8 per cent for the week against a basket of major currencies.
The benchmark US 10-year Treasury note yield US10YT=RR was last at 2.467 per cent, up 8 basis points from Thursday and not far from a near 1-1/2-year peak set on Dec. 1. It recorded its longest streak of weekly increases since May-June 2013.
Europe's STOXX 600 finished up almost 1.0 per cent even though European banks .SX7P pulled back 0.7 per cent.
Oil rose on growing optimism that non-OPEC producers might follow the cartel's lead by agreeing to cut output.
US crude CLc1 rose 1.2 per cent to $51.43 a barrel. Brent crude LCOc1 was up 0.7 per cent at $54.29.
Spot gold XAU= was down 1.0 per cent and was set for a weekly decline of 1.5 per cent, pressured by the stronger US dollar and expectations of a Fed rate hike, according to a news agency report.
-SRS-
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