Dollar near one-week high as markets grapple with Gulf tensions

The dollar edged to a one-week high on Monday as traders cited safe-haven demand tied to rising Gulf tensions.

The conflict raised the risk of supply disruptions, pushing crude oil higher and supporting the dollar, traders said.

The euro slipped below $1.08 for the first time since last week. The yen held near the 160 mark after the Bank of Japan's rate decision, with intervention risk still in focus.

The U.S. economic calendar is light this week, with the Federal Reserve's preferred inflation gauge due Friday.

For more on the dollar's outlook, see our forex market analysis.