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Daily FX Focus

27 January 2026

Important Risk Disclosure

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).

CNH

Support / Resistance

vs USD  6.9280 / 6.9818 ⬆

CNH appreciated against USD yesterday, supported by broad dollar weakness and stable Asian market sentiment, despite limited new drivers from Beijing. USDCNH fell 0.01% yesterday while CNHHKD ended at 1.12 level.

EUR

Support / Resistance

vs USD 1.1664 / 1.2000 ⬆

EUR advanced against USD yesterday, lifted by the dollar’s retreat, easing tariff threats, and steady Eurozone sentiment, as traders focused on narrowing policy gaps with the U.S. EURUSD rose 0.44% yesterday while EURHKD ended at 9.26 level.

GBP

Support / Resistance

vs USD 1.3431 / 1.3818 ⬆

GBP strengthened against USD yesterday, driven by dollar weakness and resilient UK outlook, as markets anticipated a steady BOE stance and tracked the broader risk-on move. GBPUSD rose 0.27% yesterday while GBPHKD ended at 10.66 level.

 

AUD

Support / Resistance

vs USD 0.6737 / 0.7016 ⬆

AUD rose against USD yesterday, supported by renewed risk appetite, hawkish RBA expectations, strong domestic jobs data, and steady commodity prices amid broad dollar weakness. AUDUSD rose 0.33% yesterday while AUDHKD ended at 5.38 level.

NZD

Support / Resistance

vs USD 0.5788 / 0.6077 ⬆

NZD rose against USD yesterday, extending gains as investors favored higher-beta assets amid improved risk sentiment and broad dollar softness. NZDUSD rose 0.44% yesterday while NZDHKD ended at 4.65 level.

CAD

Support / Resistance

vs USD 1.3607 / 1.3866 ⬆

CAD fell against USD yesterday, underperforming as softer oil prices and domestic economic concerns offset the greenback’s weakness. USDCAD rose 0.06% yesterday while CADHKD ended at 5.68 level.

JPY

Support / Resistance

vs USD 151.82 / 157.97 ⬆

JPY surged against USD yesterday, boosted by speculation of official intervention and intensified warnings from Tokyo, amplified by falling U.S. yields. USDJPY fell 0.98% yesterday while JPYHKD ended at 5.05 level.

CHF

Support / Resistance

vs USD 0.7651 / 0.7962 ⬆

CHF appreciated against USD yesterday, hitting multi-year highs as the franc attracted demand amid the dollar’s sell-off and its safe-haven appeal. USDCHF fell 0.38% yesterday while CHFHKD ended at 10.03 level.

SGD

Support / Resistance

vs USD 1.2615 / 1.2840 ⬆

SGD strengthened against USD yesterday, tracking the dollar’s decline and steady regional risk tone ahead of key central bank updates. USDSGD fell 0.24% yesterday while SGDHKD ended at 6.13 level.

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Disclaimer

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.

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