The dollar rose against major currencies on Monday as fresh declines in global stocks and worries about tightening liquidity amid the worsening coronavirus crisis accelerated the flight to cash.  The dollar rose against sterling toward its strongest since at least 1985. The U.S. currency hit the highest in almost three years against the euro. The U.S. currency approached an 11-year peak against the New Zealand dollar as the country prepared to enter lockdown for the next 48 hours to contain the virus. The greenback also rose toward a 17-year high against the Australian dollar. Investors are also hoping for big fiscal spending to mitigate the damage to the global economy, but uncertainty about the spread of the virus is likely to support the dollar in the future. The greenback closed in on multi-year highs against the Australian AUD=D3 and New Zealand NZD=D3 dollars as the economic costs of self-isolation triggered the largest intraday decline ever in New Zealand shares. The greenback closed in on multi-year highs against the Australian AUD=D3 and New Zealand NZD=D3 dollars as the economic costs of self-isolation triggered the largest intraday decline ever in New Zealand shares.