⁍ The dollar index hit its highest point since mid-August and was last up 0.65% at 93.559.

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⁍ The euro traded 0.58% lower against the dollar at $1.1768.

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⁍ The Australian dollar and Norwegian Crown NOK=D3 fell against the greenback.

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– The US dollar soared to an almost six-week high on Monday and riskier currencies fell as investors sought safety and global stock markets tumbled on fears about rising COVID-19 cases and uncertainty surrounding November’s US elections. The euro, the Australian dollar, and Norwegian Crown NOKD3 fell against the greenback, and equities on Wall Street tumbled, as the threat of new pandemic-related lockdowns in the UK and other countries in Europe prompted concerns about the global recovery, reports Reuters. As investors fretted about the ability of the US Congress to reach an agreement for more fiscal stimulus uncertainty, exacerbated by the death of Friday of US Supreme Court justice Ruth Bader Ginsburg, a liberal icon. President Trump has said he would name his pick to replace Ginsburg this week as he looks to cement a 6-3 conservative majority in the highest US court ahead of the Nov. 3 election. “This is a classic risk off environment and flight to safety,’ said Axel Merk, president of Merk Investments and portfolio manager of the Merk Hard Currency Fund in Palo Alto, California. “The context is increased election uncertainty. With the supreme court nomination forthcoming this can go in many different ways.”