The dollar has risen due to signs indicating continued tension in the situation with Iran.

The rise of the US dollar is boosted by signs of ongoing tension in Iran, which have raised oil prices and supported demand for safe-haven assets. Iran attacked three ships in the critical Strait of Hormuz, and two were escorted to Iranian waters. However, White House press secretary Caroline Levitt stated that these attacks do not constitute a violation of the ceasefire agreement. Mediators are trying to get the diplomatic process back on track, and a meeting between the US and Iran could possibly take place as early as Friday. The DXY dollar index rose 0.1% to 98.643, having hit a one-week high of 98.737 overnight.