"We seem to be in a tug of war between the China reopening theme which basically means re-rating global growth expectations higher and the Fed re-pricing," said Vasileios Gkionakis, European head of FX strategy at Citi.
Estonian central bank chief Madis Müller made the case for further ECB rate hikes on Friday, while ECB vice president Luis de Guindos warned of persistent inflation.At 2.744%, the benchmark 10-year German yield was at its highest level since 2011 and on track for its biggest weekly rise since December .
Oil prices slipped, with Brent crude futures down 0.2% and West Texas Intermediate crude futures down 0.3% .
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