11 May 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 6.7737 / 6.8327 ⬆
CNH appreciated against USD last Friday as dollar retreat and steadier risk sentiment helped yuan hover near its strongest since 2023, reinforcing its status as Asia’s firmer currency. USDCNH fell 0.17% last Friday while CNHHKD ended at 1.15 level.
EUR
Support / Resistance
vs USD 1.1693 / 1.1835 ⬆
EUR advanced against USD last Friday, shrugging off weak German data as dollar softness and Gulf ceasefire hopes dominated, with Europe seen benefiting if energy stress eases. EURUSD rose 0.52% last Friday while EURHKD ended at 9.20 level.
GBP
Support / Resistance
vs USD 1.3498 / 1.3712 ⬆
GBP rose against USD last Friday after Labour’s local election losses matched expectations and Starmer pledged to stay, reducing political uncertainty amid dollar softness. GBPUSD rose 0.56% last Friday while GBPHKD ended at 10.62 level.
AUD
Support / Resistance
vs USD 0.7137 / 0.7314 ⬆
AUD rose against USD last Friday as Gulf ceasefire hopes lifted risk appetite, supporting higher-beta currencies near multi-year highs despite caution ahead of U.S. payrolls. AUDUSD rose 0.51% last Friday while AUDHKD ended at 5.65 level.
NZD
Support / Resistance
vs USD 0.5855 / 0.6032 ⬆
NZD strengthened against USD last Friday as improved risk appetite and a softer dollar supported higher-beta assets, with optimism over a U.S.-Iran deal keeping sentiment constructive. NZDUSD rose 0.45% last Friday while NZDHKD ended at 4.65 level.
CAD
Support / Resistance
vs USD 1.3578 / 1.3744 ➡
CAD weakened against USD last Friday after Canada’s unemployment hit a six-month high and full-time jobs fell, clipping rate-hike bets, while lower oil prices reduced support. USDCAD rose 0.09% last Friday while CADHKD ended at 5.72 level.
JPY
Support / Resistance
vs USD 154.21 / 159.91 ⬆
JPY rose against USD last Friday as reports on Tokyo’s holiday intervention kept traders cautious, while Gulf truce hopes and Bank of Japan expectations limited renewed dollar demand. USDJPY fell 0.16% last Friday while JPYHKD ended at 4.99 level.
CHF
Support / Resistance
vs USD 0.7707 / 0.7871 ⬆
CHF gained against USD last Friday as hopes for a U.S.-Iran ceasefire pressured the dollar, allowing the franc to benefit from broad dollar softness and lingering caution. USDCHF fell 0.46% last Friday while CHFHKD ended at 10.06 level.
SGD
Support / Resistance
vs USD 1.2603 / 1.2776 ⬆
SGD appreciated against USD last Friday as optimism over a U.S.-Iran deal kept USD/SGD lower, with broader dollar weakness and calmer energy disruption expectations supporting Asian currencies. USDSGD fell 0.15% last Friday while SGDHKD ended at 6.17 level.
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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.
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