The dollar index DXY briefly rose to a seven-week high of 100.667 as oil
volatility, the dollar's safe-haven appeal and expectations of further Fed hikes
after last week's 25bp increase supported the currency. Later, KYODO reported
Iran offered to reopen the Strait of Hormuz within seven days if the U.S. took
measures to reduce military pressure; oil prices fell and DXY briefly slid about
20bps, erasing earlier gains.