AUD/USD is to its highest since the middle of January
- And strength also for EUR, NZD, GBP, CAD
- Yen and CHF not doing the same
A little later today we'll be getting GDP data from Australia, expected to be negative q/q:
And the data we have already had from Australia this morning has been dire:
- Australia May Services PMI 26.9, Composite 28.1
- Australia AiG Construction PMI for May 24.9 (prior 21.6)
The driver of currencies is risk sentiment right now, not the data.
