US Dollar Index slipped 0.3% to 98.37 as risk appetite rose amid hopes for continued Iran negotiations despite Trump’s Hormuz blockade announcement.
Oil prices initially surged after the blockade but fell after Trump reported 34 ships passed the strait, easing supply‑shock concerns.
Hungarian forint rallied to its strongest level since Feb 2022 following Viktor Orban’s electoral defeat, supported by expectations of EU fund unlocking.
Euro and sterling each rose about 0.3% to $1.1759 and $1.3505 respectively, while yen weakened to $159.41 per dollar.