Dollar index at 101.36 set for 2.5% June gain as Gulf tensions rise and U.S. jobs data looms

Tensions between the United States and Iran have escalated in the Gulf, with energy shipping in the Strait of Hormuz again disrupted by strikes, lifting oil prices on Monday. The dollar index rose to 101.36 and was on track for a 2.5% gain in June, its biggest monthly rise in nearly a year. The euro, sterling, the Australian and New Zealand dollars, and the yen all stayed under pressure, with the yen sliding further to a fresh 40-year low. Markets are focused on upcoming U.S. nonfarm payrolls data and remarks by new Federal Reserve Chair Kevin Warsh at the ECB forum.