Dollar Index Up 0.3% Amid US‑Iran Standoff

Dollar index rose 0.3% to 98.76 as markets reacted to the US‑Iran diplomatic deadlock and upcoming central‑bank meetings.
President Trump rejected Iran’s proposal to end the conflict and reopen the Strait of Hormuz, keeping the chokepoint largely closed and pushing oil prices higher.
BOJ kept its policy rate at 0.75% while signalling further hikes; three board members favored a hike and inflation is expected above 2% in 2026.
Euro slipped 0.3% to $1.1696 and pound 0.4% to $1.3492 ahead of Fed, BoE and ECB decisions later in the week.