9 Jun 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.
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Support / Resistance
vs USD 7.1563 / 7.2220 ⬆
CNH ended lower against the dollar on Friday as investors remain skeptical of a Sino-US trade deal. Trump and Xi held a call but left key issues unresolved. Focus moves to key Chinese economic data including inflation and trade data today. USDCNH rose 0.17% last Friday while CNHHKD ended at 1.09 level.
Support / Resistance
vs USD 1.1237 / 1.1522 ⬆
EUR ended lower against the dollar on Friday after hitting a six-week high on Thursday. German and French industrial production numbers released on Friday show a sharp drop in output in April. EURUSD fell 0.42% last Friday while EURHKD ended at 8.94 level.
Support / Resistance
vs USD 1.3363 / 1.3647 ⬆
GBP ended lower against the US dollar on Friday. But it finished the week higher, as UK services sector activity expanded more than expected. BoE policymakers have urged a gradual and cautious approach to monetary policy decision-making. GBPUSD fell 0.31% last Friday while GBPHKD ended at 10.61 level.
Support / Resistance
vs USD 0.6408 / 0.6555 ⬆
AUD ended lower against the US dollar on Friday as the USD strengthened broadly. Interest rate differentials and monetary policy divergence continue to be key drivers while the RBA maintains a cautious tone regarding further rate moves. AUDUSD fell 0.25%last Friday while AUDHKD ended at 5.09 level.
Support / Resistance
vs USD 0.5911 / 0.6099 ⬆
NZD ended lower against the US dollar as the USD strengthened broadly. Markets now expect the RBNZ to hold rates steady at its Jul meeting and is expected to deliver its last rate cut of the cycle in Aug. NZDUSD fell 0.36% last Friday while NZDHKD ended at 4.72 level.
Support / Resistance
vs USD 1.3559 / 1.3895 ⬆
CAD ended lower against the US dollar on Friday. But finished the week with a gain. Data showed that Canada's economy gained a net 8,800 jobs in May while the jobless rate rose to 7.0%. Losses were limited by higher oil prices. USDCAD rose 0.15% last Friday while CADHKD ended at 5.72 level.
Support / Resistance
vs USD 142.54 / 146.72 ⬇
JPY ended lower against the US dollar on Friday. Data showed Japan's economy contracted in the Jan-Mar quarter at a slower pace than estimated, with consumption figures revised upwards. USDJPY rose 0.92% last Friday while JPYHKD ended at 5.41 level.
Support / Resistance
vs USD 0.8125 / 0.8333 ⬆
CHF ended lower against the US dollar as the USD strengthened across the board. Swiss Finance Minister proposed to make UBS hold up to $26 billion in core capital, big banks will have to fully capitalize their foreign units. USDCHF rose 0.34% last Friday while CHFHKD ended at 9.54 level.
Support / Resistance
vs USD 1.2799 / 1.2981 ⬆
SGD ended lower against the US dollar on Friday as the USD strengthened against all major peers and US treasury yields climbed to their highest since May 29 on strong US jobs data. USDSGD rose 0.27% last Friday while SGDHKD ended at 6.08 level.
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