Euro, pound, and high-risk currencies weakened against the rising US dollar.

In the case of a possible peace agreement between the US and Iran, the euro, pound, and Australian dollar, which are considered higher-risk currencies compared to the weakening US dollar, all rose. This agreement could lead to the reopening of the Hormuz Strait. Oil prices fell, while risk appetite increased. The US dollar declined because it is seen as a safe haven asset, and because the US is a net oil exporter, the movement of the dollar tends to be in line with oil prices. According to data from the London Stock Exchange Group, the euro rose by 0.3% to a six-day high of $1.1649. The pound rose by 0.5% to an 11-day high of $1.3496, while the Australian dollar rose by 0.6% to $0.7166. Among emerging market currencies, the South African Rand and Mexican Peso both increased against the US dollar.