The US dollar remains stable, affected by the high and stable oil prices.

In early European trading, the US dollar remained mostly unchanged, holding near the nine-month high reached on Friday. With Brent crude oil trading above $105 per barrel and the Strait of Hormuz still effectively closed, there is still demand for the dollar. The US attacked Iran's Kharg Island, a key hub for Iran's oil industry, while Iran retaliated by attacking the UAE's Fujeirah oil port. Dorothea Huttanus of the research department of the German Central Cooperative Bank said in a report, "Global demand for the liquidity and security of the US dollar has not waned." The DXY US dollar index held steady at 100.342, after reaching a high of 100.54 on Friday.