US Dollar benefited by higher CNY fix

FXstreet.com (Bali) - The US Dollar is strengthening across the board, with a higher than expected CNY fix behind the latest bids.

As a consequence of the higher USD/CNY - PBOC set yuan reference rate at 6.1005 vs. 6.0412 close previously - along with the strength in the Nikkei, which is pushing USD/JPY up, the AUD/USD and the AXJ/USD complex has seen selling accelerate, even the EUR/USD is seeing a retest of 1.3650, while the USD/CAD keeps pressing on towards 1.10, with new trend highs being printed.