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Dollar Set For Worst Year Since 2003

Dollar Climbs On Renewed Middle East Attacks

by Blessing Adeiyi
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The U.S. dollar index was up ⁠0.1% at 101.13 on Monday after earlier touching its highest level since July 8, according to a Reuters report.

Tehran targeted U.S. facilities in ​states across the Gulf on Sunday, saying it had again closed the vital ⁠Strait of Hormuz shipping route, as U.S. ​and Iranian forces exchanged strikes at the weekend.

The dollar was up 0.2% at 162.075 against Japan’s currency, the yen.

The euro weakened 0.1% to $1.1397 while the British pound slipped 0.2% to $1.3374.

READ ALSO: Oil Prices Spike On Fresh US-Iran Attacks, Tech Weighs On Stocks Again

Australian dollar was down 0.3% at $0.6928 while its kiwi counterpart eased 0.1% to $0.5757.

Oil prices rose in Asian trade, with Brent crude futures up 4.1% at $79.11 a barrel.

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