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The U.S. dollar strengthened on concerns with regard banks that are still suffering from the financial crisis. For instance, UBS AG announced that it posted losses above expectations and as the British government raised its stake in Royal Bank of Scotland. The persistent woes, which outweighed the impact of the upbeat U.S. factory orders data, ignited fears in markets and sparked demand for safety assets. The dollar index spiked to 76.63 from the opening at 76.16.
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