Top of main content
Daily FX Focus

16 February 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 6.8715 / 6.9445 ⬆

CNH weakened against USD last Friday, pressured by broad Asian FX softness and ongoing geopolitical trade uncertainties. The greenback’s strength kept CNH under pressure. USDCNH rose 0.04% last Friday while CNHHKD ended at 1.13 level.

EUR

Support / Resistance

vs USD 1.1728 / 1.2042 ⬆

EUR weakened against USD last Friday, pressured by caution ahead of Eurozone GDP and concerns over growth momentum. The single currency drifted lower as the greenback benefited from a defensive market tone. EURUSD fell 0.03% last Friday while EURHKD ended at 9.28 level.

GBP

Support / Resistance

vs USD 1.3480 / 1.3841 ➡

GBP rose against USD last Friday, showing resilience despite weak UK GDP data. Investors looked past the miss, focusing on the Bank of England’s cautious stance on rate cuts. GBPUSD rose 0.21% last Friday while GBPHKD ended at 10.66 level.

AUD

Support / Resistance

vs USD 0.6930 / 0.7182 ⬆

AUD fell against USD last Friday as risk aversion and softer commodity prices weighed on the risk-sensitive currency. Domestic consumer sentiment concerns also dampened the mood, despite recent hawkish RBA expectations. AUDUSD fell 0.24% last Friday while AUDHKD ended at 5.52 level.

NZD

Support / Resistance

vs USD 0.5945 / 0.6110 ⬆

NZD advanced against USD last Friday, benefiting from a softer greenback and steady risk sentiment. The currency held firm as markets digested central bank guidance and global trade headlines. NZDUSD rose 0.05% last Friday while NZDHKD ended at 4.71 level.

CAD

Support / Resistance

vs USD 1.3484 / 1.3744 ⬆

CAD fell against USD last Friday as declining crude oil prices weighed on the loonie. Strong U.S. labor data further supported the greenback, limiting CAD’s gains. USDCAD rose 0.05% last Friday while CADHKD ended at 5.74 level.

JPY

Support / Resistance

vs USD 150.60 / 156.24 ⬆

JPY rose against USD last Friday, benefiting from safe-haven inflows amid tech-led equity volatility. Speculation on Bank of Japan policy adjustments also lent support. USDJPY fell 0.03% last Friday while JPYHKD ended at 5.12 level.

CHF

Support / Resistance

vs USD 0.7579 / 0.7793 ⬆

CHF appreciated against USD last Friday, attracting demand as a defensive asset amid stock market jitters. Its safe-haven status helped it gain as the greenback softened. USDCHF fell 0.18% last Friday while CHFHKD ended at 10.18 level.

SGD

Support / Resistance

vs USD 1.2540 / 1.2725 ⬆

SGD weakened against USD on Friday, tracking broader softness in Asian currencies as firm U.S. yields supported the greenback. The currency traded in a tight range. USDSGD rose 0.02% last Friday while SGDHKD ended at 6.18 level.

Your FX needs are well taken care of with our comprehensive suite of FX solutions

Open an investment account and start your wealth journey with us

Related Insights

The USD is the worst-performing G10 currency so far this year, closely followed by the...[2 Feb]
The FOMC left rates unchanged and did not shift its stance despite two dissenting votes. [30 Jan]
USD-JPY fell sharply amid possible US-Japan joint FX intervention. [26 Jan]
The JPY has stayed weak amid domestic political uncertainty. [26 Jan]

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.

This document is prepared by HSBC Bank (Singapore) Limited (“HBSP”) to its customers for general reference only. HBSP is not responsible for any loss, damage or other consequences of any kind that you may incur or suffer as a result of, arising from or relating to your use or reliance of this document. HBSP gives no guarantee, representation or warranty as to the accuracy, timeliness or completeness of this document.

This document is prepared by The Hongkong and Shanghai Banking Corporation Limited (‘HBAP’), 1 Queen’s Road Central, Hong Kong. HBAP is incorporated in Hong Kong and is part of the HSBC Group.