Dollar falls as coronavirus crisis escalates

The US dollar fell during Wednesday's trading, in light of investors' focus on the escalating Corona virus crisis in the country, which is causing pressure on the economy.

Johns Hopkins University reported that new cases of Covid-19 virus are close to 3 million in the US, and announced today the largest daily increase since the start of the crisis, with 60,000 confirmed cases.

Coronavirus cases have surpassed 11 million globally, with a death toll of 545,000 victims.

Officials in different US states called for another lockdown restrictions on millions of US citizens to contain the virus.

But the White House stated that it would be a mistake to impose another lockdown due to its severe impact on the economy.

The dollar index fell against a basket of currencies by 0.4% to 96.4 points as of 19:12 GMT, after it hit a high of 97.05 and a low of 96.4.