Dollar falls, pound rises as traders focus on Brexit talks

The dollar fell against its peers on Monday, while the euro and the pound rose on signs that Britain and the EU could make progress in the trade talks.

The dollar index slid to 92.565 in Asian trade. The British pound climbed to 1.3226 against the dollar and stood at 89.61 pence per euro. Against the dollar, the euro was up 0.16% to 1.1854.

The market sentiment was mixed amid surging global coronavirus cases and hopes for a COVID-19 vaccine.

The yen rose to 104.49 per dollar after suffering its worst weekly performance since June. The yuan surged to 6.5818 on the dollar amid upbeat economic data.

U.S. coronavirus cases exceeded 11 million on Sunday, undermining the strength of the dollar. Still, analysts say it will strengthen against the Japanese yen if U.S. bonds and stocks continue to rise. 

The Aussie firmed to $0.7287 on the dollar in Asian trade. The kiwi climbed 0.42% to $0.6874, nearing the 20-month high of $0.6915 hit on Thursday.