Its broad weakness for the USD in the Asian morning, pretty much across the board

News and data flow has been limited:

  • Australia job vacancies data for May, up 11.4% y/y
  • PBOC sets USD/CNY central rate at 6.7940 (vs. yesterday at 6.8292)
  • Reuters report a group trying to invade Brazil's presidential residence
  • NZ data: (June) ANZ Business confidence: 24.8 (prior 14.9) & Activity outlook 42.8 (38.3)
  • Australia - HIA new home sales for May +1.1% m/m (prior +0.8%)
  • Japan - Retail sales for May -1.6% m/m (expected -1%)

Commodity futures are higher again in China this morning, giving the Australian dollar a boost (and check out the comments here from ANZ)

Its not just AUD

EUR, CHF, NZD, GBP, yen, CAD all higher against the big dollar to greater or lesser degrees. And the yuan, CNY (onshore yuan) is hitting its highest against the USD since November last year this morning.