1 September 2025
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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 7.0911 / 7.1742 ⬆
CNH weakened against USD on Friday as China’s August factory PMI improved slightly but well below the initial market forecasts. The ongoing U.S. tariffs and a firm July core PCE contributes to a strong USD. USDCNH rose 0.03% last Friday while CNHHKD ended at 1.09 level.
Support / Resistance
vs USD 1.1591 / 1.1760 ⬆
EUR slightly advanced against the dollar on Friday despite the release of strong U.S. July Personal Consumption Expenditures inflation report, which drove a gain in USD. EURUSD rose 0.03% last Friday while EURHKD ended at 9.11 level.
Support / Resistance
vs USD 1.3395 / 1.3602 ⬆
GBP fell against the dollar on Friday as the USD gained slightly. The Pound struggled against other currencies due to a quiet economic week in the UK. This week the UK Retail Sales data will be a key focus. GBPUSD fell 0.07% last Friday while GBPHKD ended at 10.52 level.
Support / Resistance
vs USD 0.6445 / 0.6601 ⬆
AUD climbed against the dollar on Friday despite strong U.S. inflation data caused USD to strengthen. Aussie also benefitted from ongoing hopes for Fed rate cuts. AUDUSD rose 0.12% last Friday while AUDHKD ended at 5.09 level.
Support / Resistance
vs USD 0.5788 / 0.5985 ⬇
NZD strengthened against USD on Friday as traders anticipate a mounting expectation of an U.S. interest rate cut in the coming month along with Fed Governor Lisa Cook filing lawsuit against Trump to block his attempts to remove her. NZDUSD rose 0.15% last Friday while NZDHKD ended at 4.59 level.
Support / Resistance
vs USD 1.3671 / 1.3871 ➡
CAD strengthened against USD on Friday. Though the Canadian economy contracted 1.6% in the second quarter, a positive sentiment on the strengthening of oil prices boosted the Canadian Currency. USDCAD fell 0.06% last Friday while CADHKD ended at 5.67 level.
Support / Resistance
vs USD 145.88 / 148.46 ➡
JPY weakened against the dollar on Friday, with a stronger greenback due to strong U.S. PCE data. Meanwhile, Japan inflation is easing, making further interest rate hikes by the BoJ less likely. USDJPY rose 0.08% last Friday while JPYHKD ended at 5.30 level.
Support / Resistance
vs USD 0.7947 / 0.8092 ⬆
CHF has strengthened against USD on Friday as the Wall Street performance ended lower, rising expectations of a possible Fed interest rate cuts in the coming month drove the safe heaven demand. USDCHF fell 0.10% last Friday while CHFHKD ended at 9.74 level.
Support / Resistance
vs USD 1.2778 / 1.2895 ⬇
SGD weakened against USD on Friday with an improvement in US jobless claims data and a slightly better GDP growth. Though traders prepared for a U.S. interest rate cut by the Federal Reserve Bank next month. USDSGD rose 0.12% last Friday while SGDHKD ended at 6.07 level.
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