The dollar index rises, supported by energy prices.

The US Dollar Index rose in early trading. The dollar index rose by 0.2% to 100.207. Two foreign exchange strategists at OCBC Bank's research department said in a research report, "The dollar is gaining support again from energy prices, a stable US labor market, and safe-haven demand." They noted that the direction of US-Iran conflict and its impact on energy prices remains a focus for the market. These strategists pointed out that US President Trump has escalated threats, stating that unless Iran reopens the Strait of Hormuz by his specified deadline on Tuesday, he will destroy Iran's power plants and bridges.