Dollar drifts lower as oil falls on Hormuz deal optimism
Key takeaways
- Dollar drifts lower as oil falls on Hormuz deal optimism.
- SINGAPORE/LONDON, May 25 (Reuters) - The dollar fell against major currencies on Monday as hopes of a deal to reopen the Strait of Hormuz pushed oil prices below $100 per barrel, even as the U.S.
- Meanwhile many global markets - including in the U.S., Hong Kong, Britain and most of Europe - were closed for public holidays on Monday, leading to thinner liquidity.
Dollar drifts lower as oil falls on Hormuz deal optimism. An employee holds U.S. dollar bank notes at a money changer in Jakarta, Indonesia, April 9, 2025. REUTERS/Willy Kurniawan · Reuters By Gregor Stuart Hunter and Lucy Raitano Mon, May 25, 2026 at 7:13 PM GMT+7 3 min read DX-Y.NYB AUD=X AUDUSD=X USD=X EUR=X By Gregor Stuart Hunter and Lucy Raitano
SINGAPORE/LONDON, May 25 (Reuters) - The dollar fell against major currencies on Monday as hopes of a deal to reopen the Strait of Hormuz pushed oil prices below $100 per barrel, even as the U.S. and Iran played down the chances of reaching an agreement soon.
Meanwhile many global markets - including in the U.S., Hong Kong, Britain and most of Europe - were closed for public holidays on Monday, leading to thinner liquidity.