The dollar rises as concerns over the Middle East conflict persist.

As the optimistic sentiment towards easing tensions in the Middle East faded, the US dollar rose along with oil prices. US President Trump stated on Monday that after constructive talks, the US would delay military strikes on Iran's energy infrastructure for five days, but Iran has claimed that no such talks took place. Trump's remarks had previously caused the US dollar to fall, oil prices to drop, and risk appetite to rise, but since Iran has not confirmed any progress in ending the conflict, these trends have proven to be short-lived. As a safe-haven asset, the US dollar is negatively correlated with risk appetite; and because the US is a net exporter of oil, the US dollar is positively correlated with oil prices. The DXY US dollar index rose by 0.3% to 99.231.