The dollar index rose 0.12% as the euro fell after ECB President Christine Lagarde pushed back against additional monetary tightening, saying the central bank does not need a more forceful response to the US-Iran war because inflation is set to return to target over the medium term. The dollar also drew support from last week's FOMC projection of higher interest rates and from higher Treasury yields. The euro dropped 0.31% to near a three-month low, though losses were limited by a stronger-than-expected Eurozone consumer confidence index for June, which rose to minus 17.7. The yen tumbled to a 23-month low against the dollar, pressured by a rally in the Nikkei to a record high and concerns that the Bank of Japan will move slowly on policy normalization, though Japanese Finance Minister Satsuki Katayama warned of appropriate action in the currency market whenever necessary. Gold and silver fell to one-week lows, with August gold down 0.80% and July silver down 0.28%, as dollar strength and progress in US-Iran peace talks reduced safe-haven demand.