Dollar maintains losses as investors shift to stocks

The US dollar fell against its peers on Monday, to maintain losses as investors shifted to stocks and shrugged off the coronavirus crisis.

The US health authorities announced that coronavirus cases have surpassed 3 million cases.

Coronavirus infections increased to 12.5 million cases worldwide, with a death toll of more than 570,000 victims.

The White House chief economic advisor Larry Kudlow stressed that the new stimulus package to ease the coronavirus effects will pass anyways, despite the ongoing debate in Congress.

Otherwise, investors are concerned about the return of the lockdown restrictions in the US and other countries that were hardly hit by a spike in coronavirus infection, and the World Health Organization stressed that it does not expect life to return to normal after the pandemic.

The dollar index fell against a basket of currencies by 0.2% to 96.4 as of 19:16 GMT, after hitting a high of 96.6 and a low of 96.2.