1100 GMT - The euro, sterling and perceived riskier currencies such as the Australian dollar all rise versus a weaker U.S. dollar amid prospects of a U.S.-Iran peace deal, which could lead to the reopening of the Strait of Hormuz. Oil prices fall while risk appetite picks up. The dollar falls due to its safe-haven qualities and because it often mirrors moves in oil prices as the U.S. is a net oil exporter. The euro rises 0.3% to a six-day high of $1.1649, LSEG data show. Sterling rises 0.5% to an 11-day high of $1.3496, while the Australian dollar gains 0.6% to $0.7166. Among emerging-market currencies, the South African rand and Mexican peso both gain versus the U.S. dollar. (jessica.fleetham@wsj.com)

(END) Dow Jones Newswires

May 25, 2026 07:00 ET (11:00 GMT)

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