TOKYO - The dollar rose against major currencies on Monday as fresh declines in global stocks and worries about tightening liquidity amid the worsening coronavirus crisis accelerated the flight to cash.
The dollar rose against sterling toward its strongest since at least 1985. The U.S. currency hit the highest in almost three years against the euro. U.S. stock futures and oil prices came under further pressure early in Asian trading, which pushed the dollar higher as more people are placed under lockdown in an effort to contain the virus, traders said.
'Dollar surges' Not for long... 'New York's governor just warned that coronavirus spread could last for as long as 9 months, and up to 80% of the population might get the virus'
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