AUD/USD has its highest since December 2, 2024.

aud usd 26 May 2025 2

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:

Source: Forex Live