Oil gains, dollar falls after strong data

U.S. crude rose $1.13 to settle at $78.13 a barrel. In London, Brent crude settled $1.35 higher at $76.55 a barrel.

Commodity prices mostly rose, lifting commodity-linked currencies such as the Australian and Canadian dollars.

"The pattern in which stocks and the euro are correlated is intact. As stocks rise, so does the euro," said Marc Chandler, global head of FX strategy at Brown Brothers Harriman in New York.

"But I don't think we're out of this consolidation and correction in stocks, and even in the euro. I'm not convinced that the downside correction in the euro is over," he said.

The dollar was down against a basket of major currencies, with the U.S. Dollar Index <.DXY> down 0.10 percent at 76.223.

The euro was up 0.36 percent at $1.4768, and against the yen, the dollar was up 0.27 percent at 90.32.

U.S. December gold futures settled up $13.60 at $1,054 an ounce in New York.

The benchmark 10-year U.S. Treasury note was down 11/32 in price to yield 3.43 percent.

Earlier in Asia, worries about the U.S. financial sector resurfaced after CIT Group Inc , the lender to small and mid-sized U.S. companies, filed for bankruptcy.

The MSCI index of Asia-Pacific shares outside Japan <.MIAPJ0000PUS> fell 1 percent to touch a one-month low. Japan's Nikkei average <.N225> dropped 2.3 percent, mirroring the 2.8 percent slide in the U.S. S&P 500 <.SPX> on Friday.