The euro was down 0.2% at $1.1767, the yen slid 0.1% to 156.905 yen per dollar ‌and the British pound was 0.3% lower at $1.3597

The dollar advanced against its major peers ​in early Asia trade on Monday ​as the Iran-U.S. ceasefire hung in balance, boosting demand for the safe-haven currency.

The euro was down 0.2% at $1.1767, the yen slid 0.1% to 156.905 yen per dollar ‌and the British pound was 0.3% lower at $1.3597. The risk-sensitive Australian dollar slid 0.2% to $0.7234, while the kiwi softened 0.3% to $0.5948.

We start the new trading week, as has so often been the case of late, reacting to geopolitical headlines, said Chris Weston, ‌head of research at Pepperstone Group Ltd in Melbourne.

Oil prices climbed as trading resumed on Monday, with Brent ‌crude up 3.3% at $104.65 a barrel, after the U.S. president on Sunday rejected Iran’s response to the country’s proposal for peace, dashing hopes for an imminent end to the 10-week-old conflict.

Against the yuan, ⁠the U.S. ​dollar was flat at 6.7951 ⁠yuan in offshore trade after data released at the weekend showed China’s export growth accelerated in April.

Exports rose 14.1% from a year earlier in ⁠dollar terms, outpacing the 2.5% gain in March and a 7.9% rise tipped by economists as factories raced to meet AI-related demand.

The ​dollar index was trading at 98.001 in early ⁠Asia. The dollar has found support from the U.S. jobs report released Friday that showed non-farm payrolls increased 115,000 in April, almost twice as ⁠fast ​as expected. Those figures reinforced expectations the U.S. central bank would keep interest rates unchanged for some time.

The dollar remained on the back foot last week, with the market laser-focused on prospects for a gradual reopening of the Strait of Hormuz, ⁠with the breakthrough potentially coinciding with the Trump-Xi meeting, strategists from Barclays wrote in a research report. That said, U.S. data ⁠remains resilient and the ⁠labour market appears to have stabilised across a number of data sets, they added.

Trump and Chinese President Xi Jinping are set to discuss Iran, Taiwan, artificial intelligence, nuclear weapons and critical minerals ‌when they meet ‌later this week, according to U.S. officials.