Real leadership reputations are made or lost during the times of a crisis.
The single currency tumbled to $1.1830, pressured by the downbeat market mood amid a rapid surge in coronavirus cases globally. U.S. House Speaker Nancy Pelosi said on Sunday that she expected a White House response on Monday regarding the latest stimulus spending plan.
The pound fell to $1.3020, after the UK Purchasing Managers' Index (PMI) fell to a four-month low, even though France was willing to compromise on the issue of fisheries, a key sticking point in Brexit negotiations.
The Japanese Yen edged lower to 104.90 per dollar on reports that the Japanese government boosted an extra budget worth around $95.5 billion to counter the economic damage induced by the coronavirus pandemic.
The Aussie plunged to $0.7112 as U.S political uncertainty ahead of Nov.3rd presidential election, and U.S stimulus stalemate weighed on risky assets.
The South African rand cascaded from 16.13 to 16.25 against the U.S dollar ahead of the medium-term budget speech due on Wednesday.
The dollar-rupee remains flat at 40.25(selling) on the domestic market.
13:00 - EUR - German Ifo Business Climate
18:00 - USD - New Home Sales (Sep)