The dollar was on the back foot on Monday as growing expectations of U.S. interest rate cuts to cushion the impact of the coronavirus stemmed some safety flows into the greenback.

Yet, the euro last traded 0.3% firmer at a month-high of $1.059, while the Australian dollar rose 0.4% to $0.6531, and the pound  edged 0.2% higher to $1.2939.