LONDON, March 23 (Reuters) - The dollar plunged and

stocks surged on Monday after U.S. President Donald Trump said

he had asked the Department of Defence to postpone "any and all"

military strikes against Iranian power plants and energy

infrastructure for five days.

The dollar had traded higher against most other currencies

until the headline hit, sending the euro up over 1% into

positive territory to $1.158, from around $1.487 earlier. The

dollar index fell 0.3%, having shown a 0.6% rise earlier on

.

U.S. stock futures jumped over 2%, while the STOXX 600

erased daily losses to turn positive. It was last up

0.7%, having been down over 2.2% in early trade.