19 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 7.0787 / 7.1432 ⬆
CNH weakened against USD yesterday as Treasury yields jumped. Additionally, investors are waiting for cues from the likely Friday’s call between President trump and Xi Jinping. USDCNH rose 0.11% yesterday while CNHHKD ended at 1.09 level.
Support / Resistance
vs USD 1.1622 / 1.1934 ⬆
EUR weakened against the dollar yesterday, as strong economic data from the US and comments from Jerome Powell have strengthened the USD. ECB officials also noted current rates are appropriate, balancing inflation and growth risks. EURUSD fell 0.21% yesterday while EURHKD ended at 9.16 level.
Support / Resistance
vs USD 1.3347 / 1.3743 ⬆
GBP eased against the dollar yesterday, after the BoE kept interest rates steady and reduced the pace of selling government bonds. Meanwhile, UK inflation is nearly double the 2% target, markets only expect rate cut by March next year. GBPUSD fell 0.52% yesterday while GBPHKD ended at 10.54 level.
Support / Resistance
vs USD 0.6493 / 0.6718 ⬆
AUD edged lower against the dollar yesterday due to weak Australian employment data. In August, net employment fell by 5.4K, while the unemployment rate remained at 4.2%. AUDUSD fell 0.62% yesterday while AUDHKD ended at 5.14 level.
Support / Resistance
vs USD 0.5806 / 0.5982 ⬇
NZD weakened against USD yesterday as the release of an underperforming Q2 GDP fueled expectations of an upcoming rate cut by the RBNZ. The economy contracted by 0.9% compared to Q1. NZDUSD fell 1.39% yesterday while NZDHKD ended at 4.57 level.
Support / Resistance
vs USD 1.3714 / 1.3881 ➡
CAD eased against USD yesterday as BoC reduced its interest rates by 25bps to 2.5% and leaves door open for further monetary policy easing. Additionally, the economy is battling with a weak job market. USDCAD rose 0.17% yesterday while CADHKD ended at 5.63 level.
Support / Resistance
vs USD 145.93 / 149.59 ⬇
JPY declined against the dollar yesterday. Despite economic growth in Japan, declining real wages and political uncertainty indicate the BoJ will be cautious about raising rates. Market focus now turns to the BoJ interest rate decision today. USDJPY rose 0.69% yesterday while JPYHKD ended at 5.25 level.
Support / Resistance
vs USD 0.7808 / 0.8053 ⬆
CHF fell against USD yesterday as the recent release of the US weekly initial jobless claims highlighted a drop in claims. Additionally, markets are awaiting the decision of SNB on updated inflation projections and growth risks on September 25. USDCHF rose 0.46% yesterday while CHFHKD ended at 9.81 level.
Support / Resistance
vs USD 1.2713 / 1.2914 ⬆
SGD fell against USD yesterday as treasury yields rallied post Fed cut its interest rates. A well-articulated briefing by Fed Chair Powell helped to ease some pressure on the dollar. USDSGD rose 0.31% yesterday while SGDHKD ended at 6.06 level.
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