Dollar falls as optimism about economic recovery boosts risk sentiment

NEW YORK (Reuters) - The dollar fell on Monday as risk sentiment improved on optimism that the worst of the economic downturn caused by the global spread of the coronavirus may be in the past.U.S. manufacturing activity eased off an 11-year low in May, the strongest sign yet that the worst of the economic downturn was behind as businesses reopen, though the recovery from the COVID-19 crisis could take years because of high unemployment.It comes after China’s Caixin/Markit Purchasing Managers..