Dollar poised for best month in nearly a year; eyes on jobs data, Gulf tension

The US dollar index is up 2.5% in June, its best monthly gain since July last year, trading around 101.36 on safe-haven demand driven by US-Iran tensions, oil price rises, and a hawkish start by new Fed Chair Kevin Warsh. The euro hit a 13-month low and is set for a 2.3% monthly decline, while the Australian dollar is down 4.1% and the New Zealand dollar has fallen 5.9% for the month. The Japanese yen continues to trade near a 40-year low around 161.75. Investors are watching upcoming US non-farm payroll data and the ECB forum for signals on Fed policy direction.