Risk-off sentiment in the market continued until the European session was affected by the surge in Covid-19 cases in Europe and the United States and the lack of progress in the US fiscal stimulus package.
Several European countries reported the highest surge in new Covid-19 cases and caused increasing pressure on hospitals, particularly in France which recorded 52,010 new cases.
While coronavirus cases in the United States are also on the rise, breaking records above 80,000 on Fridays and Saturdays.
The greenback dollar continued to strengthen by recording a 0.3% increase in the European session against most major currencies.
Meanwhile, House Speaker Nancy Pelosi said the US House of Representatives would approve stimulus assistance this week, although the deal with the White House is still unclear, with the Senate likely not to act before the presidential election.
The Aussie dollar and the New Zealand dollar once again gained strength to rise amid the latest confidence in the Covid-19 vaccine developed by AstraZeneca.
The media reported that the vaccine developed by AstraZeneca together with Oxford proved successful in the elderly and staff at a major British hospital were told to prepare for the vaccine as soon as possible next month.
Moreover, the pound showed a slight upside after falling below 1.3000 at the start of the European session with uncertainty over Brexit trade negotiations continuing to affect price movements.
