AUD/USD has its highest since December 2, 2024.
EUR, GBP (highest since February of 2022!), NZD, CAD, CNH all rising also.
My headline remark about the People’s Bank of China ‘propping up’ the dollar is a jest. BUT … the PBoC didi flip its damping today to slow the rise of the CNY against the poorly performing USD:
Offshore yuan is rising regardless:
This article was written by Eamonn Sheridan at www.forexlive.com.
