Dollar falls after House passes stimulus aid package

The US dollar fell against most of the majors on Friday, amid mounting fears over the coronavirus, despite a huge financial stimulus plan in the US.

Following the Senate, the US House of Representatives voted today on favour of the $2 trillion financial stimulus package, which is aimed at easing the coronavirus impact.

The House Speaker, Nancy Pelosi, said that the decision is to support US economic growth, adding that she expects extra stimulus plans in the coming period.

The US has become the world's largest epicenter for the novel virus, as the number of coronavirus infections in the US rose to more than 85,000 cases, surpassing infections in China and Italy.

The World Health Organization warned of a large-scale outbreak in the US, adding that it might become another center for the virus to spread from.

The dollar index fell against a basket of currencies by 1% to 98.3 points as of 19:21 GMT, after hitting a day high of 99.8 and a low of 98.3.