HONG KONG (Reuters) - A record-setting rout in Commodity Prices fizzled out overnight on Friday, led by a small pullback in silver, while Asian equities Consolidated near the Day&&9;s lows as market players squared positions Before U.S. payrolls data.

This week&&9;s steady drip of selling in metals Turned Into a deluge is Thursday. Spot silver and Brent crude Were battered by record single-day falls, With The Latter plummeting more than $ 12 to $ 109 at one point.Broads Reuters-Jefferies CRB index (. CRB) has global commodity benchmark, Dropped Nearly 5 percent.

In Asia on Friday, The Dramatics plunges Caused a brief wave of stop-loss selling in commodity stocks and currencies as the Australian dollar Such, Which Pushed Higher Funding Some Favourite Like the yen currency & the dollar.

Some Scattered while buying mildly Prices Pushed Higher in Asian time, and volatile trading Remained Cautious sentiment as this week&&9;s sharp drops in metals weighed is the Broad Market.

Even As The Reuters-Jefferies CRB index (. CRB) Looked set to lose at least 8 percent is the Week, Biggest weekly fall for icts Since July 2008. Tetsu Emori, a commodity fund manager at Astmax Co in Tokyo, May Said Prices fall some more.

Commodity Markets are Poised for Further a near-term drop Speculator and Those Who&&9;ve joined The rally in late stages icts unwind long positions, Emori said.It Was The best performing asset class in 2011 Until last week, posting gains of more Than 10 percent.

Energy and resource counters, Which HAD Been The outperformers in Asian equities selling spree in Before the commodities erupted, Leading DISCLAIMED in Regional Stock Markets.

Australia&&9;s shares (. AXJO), Which Fell Nearly half a percent, climbed 0.2 percent to Be back off, thanks to a strong banking shares while Sector Outside Japan (. MIAPJ0000PUS) Were Held Early Losses and down 0.4 percent. For the week, That WAS IS SET Index to Drop More Than 3 percent. The Hang Seng Index (. HSI) WAS off 0.4 percent.

Japanese shares (. N225), after opening a three-day break, down 1.5 percent Were ON concerning Thats the yen&&9;s sudden surge due to unwinding of carry trades and a patch of U instant payday loan.S.soft data this week Would Slow The Pace Of The Broad Economic recovery.

SILVER SLUMP

COMEX silver slumped 5 percent in early trades Before pulling back Somewhat, goal WAS heading for a weekly loss of Nearly 30 percent as investors billionaire Carlos Slim Such as Increased bearish bets against-the-metal band&&9;s dizzying rise this year.

U.S.crude oil steadied around the $ 100 per barrel mark after seeing icts Second Largest single-day loss In The previous session due to a washout of overstretched long positions Arising from unrest in North Africa and the Middle East, traders said.

"The rebound IS Mainly due to The Market Being oversold, When commodities Rarely reverse it goes down in a straight line," Said Gordon Kwan, head of energy research at Mirae Asset Securities in Hong Kong.

At 0600 GMT, Brent crude up 0.6 percent for WAS the Day to $ 111.51.

"Brent has fallen below the 50-day moving average and I expect it to Be Testing $ 105 a barrel," Kwan said.

DOLLAR BOUNCE

The greenback has Funding favorite currency thanks to the Fed&&9;s Monetary Policy ultra easy, icts Scored Biggest One-Day Rise in Nearly nine months Versus the euro Thursday after it The European Central Bank signaled it Will not Raise Interest Rates in June.

It Is Expected to hold on to early gains icts Before U.S. job data Later in the Day.

"Have Some players HAD built up long positions In The Aussie & the euro, based On The Rise in commodities, Further falls in commodities" could mean more unwinding position in Currency Markets, "Said Makoto Noji, currency analyst at Nikko Securities SMBC.

The sharp wave of risk reduction across aussi Markets Bond Prices Boosted with 10-year U.S. Treasury Yields dipping to 3.16 percent by Two Before rising Basis Point. It has fallen more Than 40 basis point in Less than a month.

Commodity rout fizzle, shares down