The New Zealand dollar rose Monday against a basket of currencies following the release of upbeat economic data.

The data showed that the food price index in New Zealand - which is famous for its food exports - rose by 0.5% in June, after a drop of 0.8% in May.

New Zealand is one of the least countries hit by the coronavirus pandemic, and announced last month that it had not recorded any infections for several consecutive weeks.

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

The World Health Organization stressed that it does not expect life to return to normal after the coronavirus pandemic, as it expects it will leave changes in our lifestyles.

As of 16:15 GMT, NZD/USD rose 0.1% to 0.6577, after hitting a day high of 0.6594, and a low of 0.6553.

Oil prices turned higher on Monday, as the US dollar fell against its peers, to recoup the earlier losses.

Investors are anticipating OPEC's monthly report later this week, on the members compliance to the production cut agreement with their shares.

OPEC and independent allies agreed on cutting production by 9.7 million barrels per day starting in May 1st to the end of July.

The dollar index fell against a basket of currencies by 0.3% to 96.3 points as of 17:35 GMT, after hitting a high of 96.6 and a low of 96.2.

West Texas Intermediate crude rose 0.3% to $40.6 a barrel as of 17:29 GMT, after it hit an intraday high of $40.7 and a low of $39.6.

Brent rose 0.1% to $43.2 a barrel, with a high of $43.3 and a low of $42.3.

Copper futures soared on Monday, hitting a 25-month high in Asian trading at the Shanghai Metals Market, and a 24-month high at the London Metal Exchange.

This came amid concerns over supply disruptions in the world's largest copper producer, Chile.

The coronavirus continues to spread in Chile, which is impacting production and mining activities.

Copper at the Shanghai Metals Market jumped 6% to 53,520,000 yuan per tonne (or $7,642.6), which the highest level since mid-June 2018.

3-month copper on the London Metal Exchange (LME) rose 3.3% to the highest level since July 3, 2018 at $6,622.5 per tonne.

Copper September futures rose 2.2% to $2.96 per pound as of 13:31 GMT, after hitting a session-high of $2.99 and a low of $2.90.

The major US stocks indices rose on Monday, as investors shrugged off the coronavirus crisis, amid optimism about developing an effective vaccine soon.

The US Food and Drug Administration announced that it gave Pfizer's new experimental coronavirus vaccine the fast track designation.

Otherwise, investors are focusing on companies' announcements of their quarterly results for the second quarter, as PepsiCo reported a drop in revenues.

Nasdaq has been lifted to a new record high after Tesla and Apple's shares surged, as the two stocks are heading for a new record closing.

As for stocks, Dow Jones surged 1.1% or 295 points to 26,369 as of 14:15 GMT, Nasdaq jumped 1.3% or 136 points to 10,754, and S&P 500 rose 0.9% or 30 points to 3,215.