Dollar rallied against a basket of its peers, with its index rising to its highest in seven months to 99.28, after Non-Farm Payrolls rose a more than expected 271K in October, beating the forecast of 181K. Dollar rose to its highest in six months against Euro to 1.0728. It rose to a similar high against Sterling to 1.5067. It gained 0.97% against Yen to trade at 122.91.

European shares traded higher on Friday; with the pan-European index FTSEurofirst rising 0.76%, while Britain's FTSE index gained 0.31%. Germany's DAX rose 1.29%. France's CAC traded 0.39% higher.

Wall Street opened lower, with Dow Jones down 0.22%, while NASDAQ fell 0.29%. S&P 500 lost 0.50%.

Oil prices trended lower as a result of the rallying dollar. Brent futures for December fell a heavy 1.37% to $47.66 a barrel. U.S. crude futures fell 1.44% to $44.55 a barrel.

Gold futures lost 1.40% to $1,088 an ounce. Silver futures fell 1.52% to $14.75 an ounce.