[MARKET ANALYSIS] DXY strengthens in risk-off conditions and as oil rallies following US-Irans strikes

DXY: +0.2%

• Mildly strengthened in risk-off conditions after a fresh exchange of US-Iran strikes over the weekend, which spurred a rally in oil prices and stoked inflationary concerns, while the focus this week for the dollar will be on Fed Chair Warsh's testimony to Congress and US Inflation data starting on Tuesday.

EUR/USD: -0.2%

• Retreated beneath the 1.1400 handle amid a firmer buck and with very few fresh catalysts from the bloc, which also failed to agree on the 21st round of Russian sanctions.

GBP/USD: -0.2%

• Trickled lower at sub-1.3400 territory amid the negative risk appetite and reports that the UK's Andy Burnham is exploring holding an expanded autumn Budget.

USD/JPY: +0.3%

• Reclaimed the 162.00 status amid a firmer buck and higher oil prices.

Antipodeans: AUD/USD -0.3% / NZD/USD Flat

• Price action is subdued with headwinds seen amid the downbeat mood and decline in metal prices.