Greenback rises against euro and yen but falls against the pound.<br><br>NEW
 YORK (AP) -- The dollar recouped some of the week's losses against the 
euro and yen as stocks advanced and oil prices retreated. However, the 
greenback slid against the pound.<br><br>The 15-nation euro dropped to $1.5699 from $1.5780 late Wednesday.<br><br>Oil prices eased from their overnight record above $135 to settle at $130.81 in New York.<br><br>The
 euro-dollar trade has recently tracked the rise and fall of oil prices.
 Surging oil has weighed on the global economy, compounding inflation 
worries and fears that consumers will spend less as fuel takes up a 
larger part of their income. But Europe's economy is seen as more 
resilient to sky-high oil than the United States.<br><br>The dollar also rose to 105.26 Japanese yen from 104.17 yen and 1.0339 Swiss francs from 1.0272 francs.<br><br>When
 stock markets rise, the dollar tends to rise against these two "carry 
trade" currencies as investors are more willing to engage in risky 
trading.<br><br>Carry trades involve borrowing a currency from a country
 with low interest rates, such as Japan, and using those funds to buy 
higher-yielding assets. The possibility of sharp drops in exchange rates
 make this strategy risky.<br><br>The British pound, meanwhile, rose to $1.9782 from $1.9689 late Wednesday.<br><br>The
 Federal Reserve on Wednesday, in the release of minutes from its April 
meeting, forecast a softening economy and rising unemployment and 
inflation in 2008, dampening expectations of a long-term dollar rally.<br><br>In other New York trading, the dollar edged up to 98.56 Canadian cents from 98.48 Canadian cents.<br>