Dollar Gains 0.4% as US-Iran Talks Fail

Most Asian currencies weakened on Monday while the dollar rose about 0.4% after US‑Iran peace talks collapsed and a US Hormuz blockade was announced.
USD/JPY rose 0.3%, AUD/USD fell 0.3%, and other pairs (USD/CNY +0.1%, USD/KRW +0.2%, USD/SGD +0.2%, USD/INR +0.1%) reflected the dollar’s safe‑haven demand.
Recent US CPI showed a sharp inflation increase driven by higher energy prices, reinforcing expectations that the Fed will keep rates steady.
Markets await key Asian data this week, including Chinese trade and Q1 GDP, Indian inflation, Singapore GDP, South Korean trade, Australian employment, and US PPI.