{"id":171,"date":"2026-05-25T08:36:50","date_gmt":"2026-05-25T08:36:50","guid":{"rendered":"https:\/\/reliablemovingcrews.com\/?p=171"},"modified":"2026-05-25T08:36:50","modified_gmt":"2026-05-25T08:36:50","slug":"dollar-softer-as-signs-of-deal-to-reopen-hormuz-spur-risk-appetite","status":"publish","type":"post","link":"https:\/\/reliablemovingcrews.com\/?p=171","title":{"rendered":"Dollar softer as signs of deal to reopen Hormuz spur risk appetite"},"content":{"rendered":"
SINGAPORE, May 25 (Reuters) – The dollar held around its lowest levels in a week in Asian trading on Monday as hopes of a deal to \u200breopen the Strait of Hormuz pushed oil prices below $100 per barrel, even as the \u200cU.S. played down the chances of reaching an agreement with Iran soon.<\/div>
Against the yen , the U.S. dollar was down 0.2% at 158.9 yen, while the euro rose 0.3% to $1.1636 and the British pound gained \u200b0.3% to $1.3476.<\/div>
Many global markets are closed for holidays on Monday, thinning liquidity across \u200bthe region.<\/div>
The Australian dollar advanced 0.5% at $0.7162, while its kiwi counterpart tacked \u2060on 0.4% to $0.5869.<\/div>
“There are early signs that risk sentiment remains supported, early Sydney trade \u200brevealing a broad-based selloff in the USD, with ‘riskier’ currencies like the AUD benefitting as \u200ba result,” analysts from Westpac wrote in a research note.<\/div>
The U.S. dollar index , which measures the greenback’s strength against a basket of six currencies, slipped 0.1% to an intraday low of 98.95, its \u200bweakest level since May 18.<\/div>
Oil markets tumbled on hopes of a peace \u200bdeal, with Brent crude prices down 5.4% to $97.91 a barrel while U.S. West Texas Intermediate was \u200cat $91.10 a \u2060barrel, off 5.7%.<\/div>
Over the weekend, there were conflicting signs on a peace deal. U.S. President Donald Trump said on social media on Saturday that a memorandum of understanding on a peace deal with Iran had been “largely negotiated,” with both countries and mediators in Pakistan \u200breporting progress.<\/div>
However, on Sunday \u200bTrump said on Truth \u2060Social the U.S. blockade on Iranian ships in the Strait of Hormuz would “remain in full force and effect until an agreement is reached, \u200bcertified, and signed”. There was no immediate response from Iran’s \u200bgovernment.<\/div>
In the \u2060markets, there was cautious optimism that a deal would eventually be reached.<\/div>
“Markets have become conditioned to be incredibly patient on a tangible breakthrough, but the base case of a deal remains firm, with \u2060the weekend \u200bnews providing further conviction, even if the timing \u200bremains unclear,” said Chris Weston, head of research at Pepperstone Group Ltd in Melbourne.<\/div>
Bitcoin was up 0.5% at $76,961.76, while \u200bether was flat at $2,091.65.<\/div>