By Julien Ponthus
LONDON (Reuters) - The dollar edged down on Monday as optimism about the re-opening of economies hit by the coronavirus pandemic boosted risk appetite, lifting commodity currencies such as the Norwegian krone.
The gradual easing of lockdowns has fuelled optimism across global markets despite fresh trade tensions between the United States and China.
"Markets are quietly risk-on overnight", said Adam Cole, chief currency strategist at RBC Capital Markets.
The dollar index drifted 0.05% lower at 100.28. The Norwegian krone was lifted by rising oil prices, supported by output cuts and signs of a recovery in demand.
Against the dollar, the krone
Gains in stocks also lifted other major currencies such as the Australian dollar, which was up
Against the yen
Investors were also looking to Purchasing Managers' Index surveys due across major economies later this week for the next insight into the outlook.
The pound stood at 89.35 pence per euro (EURGBP=) and was under pressure at $1.2107
The Bank of England's chief economist, Andy Haldane, did not rule such a move, in an interview with the Telegraph newspaper published on Saturday.