European Majors Weighed Down by Greece Exit Worry, Dollar Index Heading to 85 While the global equity markets stabilized last week, the currency markets didn't. Dollar, and to a slightly lesser extent the Japanese yen, continued to strengthen against other major currencies. Focus remained on the question of whether Greece will exit Eurozone, and the subsequent impact. The informal EU summit did nothing to restore market confidence as Euro weakened against all major currencies expect the Swiss Franc. Dollar' index's break of 81.78 resistance confirmed medium term up trend resumption and we'd likely see the index break through 82.5 level this week. Also, the technical development opened the door for further rise to 85 level. Strength in dollar exerted some pressure on commodities where the CRB index dived again to close at 281.95. Overall tone in dollar and yen will remain firm in near term while the relative strength of European majors and commodity currencies will depend on when the selloff in stocks resume. Full Report Here... | 
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