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The dollar is getting cheaper as the restraining measures in the world ease

The dollar is getting cheaper as the restraining measures in the world ease

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Erik Holm - Head of media

The dollar fell against a basket of major currencies on Monday, as risk appetite increased amid softening restrictions on the spread of coronavirus in some countries. From May 4, Italy will allow the resumption of work of factories and constructions, and residents to visit relatives as part of the phased withdrawal of restrictions imposed because of the coronavirus, said Prime Minister Giuseppe Conte on Sunday.

The dollar index against a basket of major currencies lost 0.36% to 100.02 by 12:30 London time. The yen against the dollar rose by 0.33% to 107.14. The euro added 0.15% to $1.08. Investors are focused on the results of the Fed and ECB meetings on Wednesday and Thursday. Regulators can take additional measures to support coronavirus-affected economies.