Dollar Index Targeting 2009 High on Euro Weakness and Risk Aversion Euro dived through 1.2 level against dollar last week on a couple of factors. Comments from Hungarian officials sparked concern that debt crisis in Europe is spreading over Europe. ECB warned of loan losses in its financial stability report. The ultra-safe overnight deposits with ECB rose to record high as fear of counter party risk intensified. In addition, Euro was pressured by steep selloff in EUR/CHF as markets successfully tested SNB's "limit" of 1.4. However, note that the common currency managed to recover slightly against Aussie and Canadian dollar as risk aversion than took the drive after DOW broke through 10,000 level following disappointing Non-Farm Payroll report from US. Dollar index, on the other hand, managed to break through 87.5 resistance to resume medium term up trend and is set to take on 2009 high of 89.62 sooner or later. Full Report Here... | 
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