New York: The dollar rose Monday as investors turned to safe-haven assets, but the restrained moves suggest markets are monitoring developments in the Middle East.

According to Qatar News Agency, in currency markets, the euro was 0.33% lower at $1.1484, while the Australian dollar, often seen as a risk proxy, hit a one-month low and was last 0.67% weaker at $0.6408. This shift left the dollar index, which measures the US currency against six other units, 0.12% higher at 99.037.

Sterling also experienced a decline, being 0.26% lower at $1.3416. Meanwhile, the New Zealand dollar sank 0.68% to $0.5926. The dollar was up 0.52% against the yen at 146.81 after touching a one-month high earlier in the session.

These currency movements reflect a market response to geopolitical tensions, with investors favoring the stability of the dollar amid uncertainties.