Forex News - Dollar mixed against major currencies on weak US manufacturing … - International Herald Tribune(Forex Trading)

Surging oil has tended to coincide with the dollar slumping against the euro, while a drop in stocks often leads currency investors to forsake risky "carry trades. When stocks fall, investors unwind those trades, boosting the Swiss franc and yen, both common as carry-trade agents, against the dollar. Kuwait de-pegged from the dollar last year, and there has been speculation the other Gulf countries may follow as they try to fight inflation and see their dollar holdings decline. Removing the specter of additional months of political infighting, aides said Tuesday that Hillary Rodham Clinton would end her fight for the Democratic presidential nomination and acknowledge Barack Obama as the nominee once the Illinois senator clearly controlled the number of delegates needed for nomination. read more

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