Dollar slumps as signs of deal to reopen Hormuz spur risk appetite

MY · 2026-05-25 · New Straits Times

SINGAPORE: The dollar slipped at the start of Asian trading on Monday as hopes of a deal to reopen the Strait of Hormuz pushed oil prices below US$100 per barrel, even as the Trump administration played down the chances of reaching an agreement with Iran soon.

Original source: New Straits Times