The US dollar is higher across the major FX board.

  • USD/JPY is back above 128
  • USD/CHF is back above 0.9600 and on approach to its high during the Europe timezone on Monday
  • EUR, AUD, NZD all down
  • GBP/USD down
  • USD/CAD is a little higher, CAD is being cushioned by the strong oil price

USD index, 10 minute candles:

usd index 31 May 2022

And, for a longer perspective, the dail chart:

daily usd 31 May 2022

I'd seen a news item about the USD losing out to yuan and RUB trade. Also some twitter activity on the USD losing its reserves status ... (its a good policy to ignore people who tweet on what they know nothing about). USD giving that lot a slap in the face.