21 Jul 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 7.1559 / 7.1978 ➡
CNH rose against the dollar on Friday as trade tensions impact exports and reveal economic vulnerabilities, Chinese academics encouraged local governments to prioritize consumption in order to support economic growth over the next five years. USDCNH fell 0.04% last Friday while CNHHKD ended at 1.09 level.
Support / Resistance
vs USD 1.1510 / 1.1784 ➡
EUR rose against the dollar on Friday after U.S. Treasury yields were affected by Fed Governor Christopher Waller's dovish remarks. The week ahead will be centered on the US macro data, EU PMIs, and the ECB's decision. EURUSD rose 0.26% last Friday while EURHKD ended at 9.13 level.
Support / Resistance
vs USD 1.3247 / 1.3674 ⬇
GBP rose against the dollar on Friday as traders processed information that made analysts worry about longer-term economic prospects and reduce expectations of short-term Bank of England easing. GBPUSD rose 0.00% last Friday while GBPHKD ended at 10.53 level.
Support / Resistance
vs USD 0.6442 / 0.6584 ➡
AUD rose against the dollar on Friday due to a surprisingly weak jobs report this week, markets have moved to fully price in a quarter-point rate cut to 3.60% from the RBA. AUDUSD rose 0.32% last Friday while AUDHKD ended at 5.11 level.
Support / Resistance
vs USD 0.5870 / 0.6087 ⬇
NZD strengthened against the US dollar on Friday as investors reassessed US interest rate expectations amid rising tariff-related inflation and ongoing pressure from President Trump on Fed, also looking ahead to New Zealand’s upcoming inflation data. NZDUSD rose 0.51% last Friday while NZDHKD ended at 4.68 level.
Support / Resistance
vs USD 1.3592 / 1.3812 ➡
CAD rose against the USD on Friday as investors assessed rising tariff-related inflation pressures and anticipated Federal Reserve policy, while US President Trump intensified pressure on Fed Chair Jerome Powell. USDCAD fell 0.20% last Friday while CADHKD ended at 5.72 level.
Support / Resistance
vs USD 144.59 / 151.11 ⬇
JPY fell against the dollar on Friday as attention turned to upper house elections on Sunday. Also, data on Friday showed that Japan’s core inflation eased in Jun but remained above the BoJ’s 2% target, reinforcing expectations of more rate hikes. USDJPY rose 0.15% last Friday while JPYHKD ended at 5.29 level.
Support / Resistance
vs USD 0.7900 / 0.8094 ➡
CHF gained against the US dollar on Friday as investors evaluated potential inflation from tariffs and anticipated Federal Reserve policy shifts while President Trump heightened pressure on Fed Chair Jerome Powell. USDCHF fell 0.40% last Friday while CHFHKD ended at 9.80 level.
Support / Resistance
vs USD 1.2736 / 1.2922 ⬇
SGD firmed against the USD on Friday as investors considered early signs of tariffdriven inflation and anticipated Federal Reserve policy moves, amid growing pressure from President Trump on Fed Chair Powell. USDSGD fell 0.04% last Friday while SGDHKD ended at 6.10 level.
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