The dollar touched its highest against a basket of major currencies in nearly a week on Monday as the euro weakened on political risks linked to German Chancellor Angela Merkel's failure to form a three-way coalition government. The dollar index, which tracks the greenback against six major rivals, rose 0.45 percent to 94.080. The euro fell 0.52 percent to 1.1732 against the greenback. Against the yen, the dollar was up 0.49 percent at 112.62. The euro is expected to meet resistance and support against the dollar at $1.1860 and $1.1600 respectively, while the dollar is expected to meet resistance and support against the yen at 114.00 and 111.30 respectively.

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