21 Apr '11, 7am

FOREX-Dollar index hits 3-yr low as euro, Aussie surge: * Dollar slammed across the board

* Dollar slammed across the board * DXY break of chart support targets 2008 all-time low * Euro/dollar above $1.46, poised to push towards $1.50 * Risk of profit-taking seen before Easter holidays LONDON, April 21 (Reuters) - The dollar hit a three-year low against a basket of currencies on Thursday as strong corporate earnings buoyed risk appetite in illiquid pre-Easter trade, threatening to drive the greenback to historic lows. The euro jumped to 16-month highs and looked on course for a move towards $1.50 if it holds onto these gains. Currencies like the Australian and Canadian dollars also surged, though some traders warned the moves could reverse as investors take profit on short dollar positions before the long Easter weekend. The chart outlook for the greenback looked dire after it tumbled through a 74.17 trough hit in November 2009, a move that may spark a run towa...

Full article: http://sg.news.yahoo.com/dollar-extends-losses-lifting-eu...

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