NEW YORK (Reuters) - The U.S. dollar tumbled against a basket of major currencies on Friday while hitting a three-week high against the Mexican peso on U.S. political uncertainty after the FBI said it would review more emails related to Democratic presidential candidate Hillary Clinton's private email use.
The reports added a new twist to the U.S. presidential campaign with just 11 days to go before Election Day on Nov. 8. Analysts said the dollar's losses against major rivals were largely on renewed uncertainty over the outcome of the election, since traders were largely expecting a Clinton victory.Markets have tended to see Clinton as the candidate of the status quo, while there is greater uncertainty over what a victory for Republican presidential candidate Donald Trump might mean for U.S. foreign policy, international trade deals or the domestic economy."No one can doubt that this is a serious complication for the Clinton campaign if the investigation stays open," said Joseph Trevisani, chief market strategist at WorldWideMarkets in Woodcliff Lake, New Jersey.Clinton has been holding a commanding lead in the race to win the Electoral College and claim the presidency, according to results from the Reuters/Ipsos States of the Nation project released on Saturday.The euro hit an eight-day peak against the dollar of $1.0991