The dollar index on Monday rose moderately and posted a 2-1/2 week high. Weakness in stocks on Monday boosted the liquidity demand for the dollar. Also, higher T-note yields on Monday supported gains in the dollar. EUR/USD dropped to a 2-1/2 week low Monday on weaker-than-expected Eurozone economic data along with concern that a worsening of the Covid pandemic will undercut European economic growth. USD/JPY rallied to a 1-month high as rising Covid infections in Japan undercut the yen. Rising T-note yields are positive for the dollar since that strengthens the dollar's interest rate differentials. The 10-year T-note yield on Monday rose to a new 9-1/2 month high of 1.136%. Yields are climbing on concern that the Democratic-controlled Congress will be able to pass a new stimulus package to support the economy. The ongoing Covid pandemic is leading to prolonged lockdowns, which slows economic growth and is dovish for central bank policies and negative for the dollar. On Sunday, the 7-day average of new U.S. Covid infections rose to a record 253,420, and the 7-day average of U.S. Covid deaths climbed to a record 3,267. Globally, Covid infections have risen above 90.781 million, and deaths have exceeded 1.944 million.