Euro sank on Monday. How about the safe-haven Swiss franc?

The euro fell slightly on Monday. It lowered by 0.1% versus the dollar at $1.0832 after falling in early London trading. As the countries are lifting lockdowns worldwide, traders moved from the safe-haven currencies. Therefore, the Swiss franc declined by around 0.1% at 1.05295 versus the euro.

The New Zealand dollar also dropped by 0.2%. On the other hand, the Australian dollar rose moderately, while the Norwegian crown hit new monthly highs against the dollar.

Investors are hoping that easing lockdowns will enable economic activity to resume. But lifting the restrictions too early risks triggering another wave of new infections. South Korea has already warned of a second wave of the coronavirus as new cases reached a one-month high. New infections have accelerated in Germany as well.

Japanese Yen fell. What caused its decline?

The safe-haven Japanese yen collapsed a 10-day low against the U.S. dollar, dropping more than 0.5%. Against a basket of currencies, the dollar increased roughly by 0.1%. Even though the coronavirus continues to spread, the risk appetite was boosted by more countries making moves to reopen their economies, causing yen’s fall.

The current improvement in global investor risk sentiment after acute financial market strains in March partly reflects on building investor optimism that the global economy passed the worst point of the COVID-19 crisis – noted Lee Hardman, the currency analyst at MUFG.

Zealand declared it could ease restrictions on Thursday. Shops reopened in France on Monday, while the U.K. has set out plans to lift the lockdown. Meanwhile, Japan stated it could end its state of emergency in many regions this week.

U.S. and China trade negotiators also reached agreement on Friday, further boosting the risk appetite. U.S. President Donald Trump stated that he was torn over whether or not to end the preliminary phase one trade deal between the two countries. But Trump’s sentiment couldn’t dampen the mood so far.