30 Jun 2025
The investment decision is yours but you should not invest in this product unless the intermediary who sells it to you has explained to you that the product is suitable for you having regard to your financial situation and investment experience.
Investment involves risk. Loss may be incurred as well as profits made as a result of buying and selling investment products.
Currency conversion risk - the value of your foreign currency and RMB deposit will be subject to the risk of exchange rate fluctuation. If you choose to convert your foreign currency and RMB deposit to other currencies at an exchange rate that is less favourable than the exchange rate in which you made your original conversion to that foreign currency and RMB, you may suffer loss in principal.
RMB is currently not freely convertible and subject to regulatory restrictions (which might be changed from time to time).
Support / Resistance
vs USD 7.1485 / 7.1969 ⬆
CNH ended lower against the dollar on Friday, slipping from a seven-month high, weighed by disappointing industrial profit data as factory activity slowed in the face of broader economic stress and a fragile trade truce with the US. USDCNH rose 0.12% last Friday while CNHHKD ended at 1.09 level.
Support / Resistance
vs USD 1.1476 / 1.1858 ⬆
EUR ended higher against the dollar on Friday, at one point rose to a three-and-ahalf-year high before paring gains, its best since May 19. Focus moves to EU-US trade deal ahead of the 9 July deadline. EURUSD rose 0.15% last Friday while EURHKD ended at 9.20 level.
Support / Resistance
vs USD 1.3464 / 1.3867 ⬆
GBP ended lower against the dollar on Friday. But it had more than 1.5% of weekly gain, its best week since May 19. The BoE is watching Britain's jobs market closely as it tries to gauge how much inflation pressure remains in the economy. GBPUSD fell 0.09% last Friday while GBPHKD ended at 10.77 level.
Support / Resistance
vs USD 0.6412 / 0.6605 ⬆
AUD ended lower against the US dollar on Friday. Focus moves to China Manufacturing PMI data since China accounts for around one-third of Aussie exports, which impacts the Aussie dollar heavily. AUDUSD fell 0.26%last Friday while AUDHKD ended at 5.13 level
Support / Resistance
vs USD 0.5929 / 0.6135 ⬆
NZD ended marginally lower against the US dollar on Friday. Data released on Friday showed that the ANZ-Roy Morgan Consumer Confidence Index jumped 5.9 points to 98.8 in June — its highest level in six months from 92.9 previously. NZDUSD fell 0.03% last Friday while NZDHKD ended at 4.75 level.
Support / Resistance
vs USD 1.3546 / 1.3807 ➡
CAD weakened against the US dollar on Friday. And there is post saying that the US is immediately ending trade talks with Canada in response to the country's digital services tax on technology companies. USDCAD rose 0.33% last Friday while CADHKD ended at 5.73 level.
Support / Resistance
vs USD 142.28 / 147.52 ⬆
JPY ended lower against the US dollar on Friday. Core consumer inflation in Tokyo slowed sharply in Jun due to temporary cuts to utility bills but stayed well above the central bank's 2% target. USDJPY rose 0.16% last Friday while JPYHKD ended at 5.43 level.
Support / Resistance
vs USD 0.7882 / 0.8168 ⬆
CHF ended stronger against the US dollar on Friday. However, safe-haven currencies were trading defensively as expectations for future Fed rate cuts. USDCHF fell 0.15% last Friday while CHFHKD ended at 9.82 level.
Support / Resistance
vs USD 1.2667 / 1.2893 ⬆
SGD fell against the dollar on Friday, as the dollar rose against the basket of currencies. A positive lead for Asian markets is expected as China's June PMIs drive the data schedules. USDSGD rose 0.14% last Friday while SGDHKD ended at 6.15 level.
This document has been prepared for information only. Information contained in this document is obtained from sources believed to be reliable; however HSBC does not guarantee its completeness or accuracy. The information contained in this document is intended for Singapore residents only and should not be construed as an offer to purchase or subscribe for any investment where such activities would be unlawful under the laws of such jurisdiction, in particular the United States of America and Canada. This material is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment or securities nor shall it or any part of it form the basis of, or be relied on in connection with, any contract or commitment whatsoever. The specific investment objectives, personal situation and particular needs of any person have not been taken in consideration. You should therefore not rely on it as investment advice. Opinions and estimates expressed are subject to change without notice and HSBC expressly disclaims any and all liability for representations and warranties, express or implied, contained herein, or for omissions. All charts and graphs are from publicly available sources or proprietary data. The mention of any security should not be construed as representing a recommendation to buy or sell that security, nor does it represent a forecast on future performance of the security.
This document is prepared by HSBC Bank (Singapore) Limited (“HBSP”) to its customers for general reference only. HBSP is not responsible for any loss, damage or other consequences of any kind that you may incur or suffer as a result of, arising from or relating to your use or reliance of this document. HBSP gives no guarantee, representation or warranty as to the accuracy, timeliness or completeness of this document.
This document is prepared by The Hongkong and Shanghai Banking Corporation Limited (‘HBAP’), 1 Queen’s Road Central, Hong Kong. HBAP is incorporated in Hong Kong and is part of the HSBC Group.
