Dollar at 2009 low

On Friday, the dollar reached a new 2009 low, reaching the lowest level against the euro since December, as investors look for alternatives to the US Dollar and on the fear of global economy's prospects.

The Euro rose past the 1.40 mark, reaching a high of 1.4049.

The Dollar Index ( DXY) fell to the lowest level since December, where it traded at 80.045, making the index lose almost 4%(3.6% to be exact), this week. This is the index's worst performance since March.

At the last meeting of Fed Policy makers, released on Wednesday, it was revealed that the Fed was looking at the possibility of buying more Treasury or mortage-related debt. Those kind of programs, which enables low borrowing costs for consumers, companies and home buyers are considered negative for the currency. 

We'll have to see on Monday if the Euro continues to rise, passing the first daily resistance at 1.4044