The British pound fell against the euro and dollar on Monday after Prime Minister Boris Johnson was hospitalized due to relentless symptoms of COVID-19.
The yen fell against the dollar after news that Japanese Prime Minister Shinzo Abe may declare a state of emergency due to fast-rising cases in the country.
The dollar was on the defensive against the euro after US companies laid off employees last week, increasing risks of a global economic recession.
Prime Minister Johnson s hospitalization could cause worry to investors holding assets in pounds, said chief currency strategist Masafumi Yamamoto of Mizuho Securities in Tokyo.
The pound dropped 0.26%, at 1.2242 against the dollar and fell 0.27%, at 88.39 pence per euro.
The Chinese yuan steadied at 7.1134 against the dollar in the offshore market. China s markets are closed on Monday for a public holiday.
The yen fell 0.4%, at $108.93. It also slid against the euro and New Zealand and Australian dollars.
The total coronavirus cases globally reached 1 million with a death toll of 68,000. Many sectors of the global economy were paralyzed amid measures to contain the pandemic.
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