The dollar was down on Monday morning in Asia, with investors cautiously bullish over the upcoming week of earnings and economic data even as the number of COVID-19 patients shows no sign of slowing down. Florida reported over 15,000 new cases in 24 hours on Sunday, the highest number in any state since records started. Of the almost 12.9 million global cases, over 3.3 million are in the U.S. as of July 13, according to Johns Hopkins University. “Rising coronavirus cases are not positive but at the moment, markets seem to think that there is still some distance to a situation where an overflow of the medical system will force them to put restrictions on the economy,” Yukio Ishizuki, senior currency strategist at Daiwa Securities, told Reuters. Hopes for a treatment for the virus, in the form of a vaccine or drug, is an added boost to investor hopes. Investors also cheered recent economic data indicating recovery from COVID-19 after seeing historic lows during lockdowns. The U.S. Dollar Index that tracks the greenback against a basket of other currencies slipped 0.17% to 96.448.