On Monday, May 16, 2022, the dollar remains at its highest level in two decades while the Aussie and the yuan fall. The Offshore Chinese Yuan held on to near a September 2020 low of 6.8380 yuan reached last week.

The Australian dollar and Chinese yuan were put under pressure by weak Chinese economic data on Monday, while the US dollar posted gains close to a 20-year high. Movements were more pronounced for the Australian dollar, which fell 0.68%.

The Dollar Index was at 104.57, after briefly breaking through the 105 level on Friday. The euro was up slightly to $1.0422, but not far from a low of $1.0354 it reached on Thursday, its lowest since early 2017. Analysts consider $1.0340 to be a crucial level of support for the euro.

The cryptocurrency markets had a quiet weekend. Bitcoin was trading at around $29,500, down more than 5%, after falling to $25,400 on Thursday, its lowest level since December 2020.