16 Jun 2025
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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).
Support / Resistance
vs USD 7.1591 / 7.2198 ⬆
CNH ended lower against the dollar on Friday. The PBOC will inject cash via outright reverse repos for the second time this month, aiming to ease funding pressures during the peak season for bond financing. USDCNH rose 0.22% last Friday while CNHHKD ended at 1.09 level.
Support / Resistance
vs USD 1.1297 / 1.1719 ⬆
EUR ended lower against the dollar on Friday. However, it had a second weekly rise. Meanwhile, Euro zone industry and trade took major hits in April, likely reflecting US tariffs announcements. EURUSD fell 0.30% last Friday while EURHKD ended at 9.05 level.
Support / Resistance
vs USD 1.3438 / 1.3661 ⬆
GBP ended lower against the US dollar on Friday. Britain's labor market is facing headwinds including weak economic growth and a sharp rise in employers' social security contributions. GBPUSD fell 0.31% last Friday while GBPHKD ended at 10.63 level.
Support / Resistance
vs USD 0.6412 / 0.6552 ⬆
AUD ended lower against the US dollar on Friday as commodity sensitive currencies were weighed down by global risk sentiment. Investors brace for the release of China’s May Retail Sales and Industrial Production for fresh impetus. AUDUSD fell 0.70%last Friday while AUDHKD ended at 5.09 level.
Support / Resistance
vs USD 0.5927 / 0.6085 ⬆
NZD ended lower against the US dollar on Friday as global risk sentiment took a hit after Israel's strikes in Iran. The RBNZ is no longer expected to reduce its OCR in the next month’s monetary policy meeting after guidance from last meeting. NZDUSD fell 0.91% last Friday while NZDHKD ended at 4.71 level.
Support / Resistance
vs USD 1.3478 / 1.3775 ⬆
CAD ended stronger against the US dollar on Friday despite a strengthening in the USD. Crude prices have surged on concerns that escalating tensions between Iran and Israel might disrupt oil traffic, boosting CAD. USDCAD fell 0.12% last Friday while CADHKD ended at 5.77 level.
Support / Resistance
vs USD 142.03 / 146.21 ⬇
JPY ended lower against the US dollar on Friday. However, it was up for the week. Japan issues rare warnings on bond market in policy roadmap, calling for promoting domestic ownership of JGBs. USDJPY rose 0.41% last Friday while JPYHKD ended at 5.43 level.
Support / Resistance
vs USD 0.7995 / 0.8288 ⬆
CHF ended lower against the US dollar on Friday. The Swiss cabinet previously approved a deal with the EU aimed at deepening bilateral economic ties and has launched a domestic consultation process. USDCHF rose 0.15% last Friday while CHFHKD ended at 9.67 level.
Support / Resistance
vs USD 1.2721 / 1.2942 ⬆
SGD ended weaker against the US dollar on Friday. A strengthening in USD was seen as markets react to Middle East conflict. Israel struck Iranian targets on Friday for a second night to block Tehran from developing nuclear weapons. USDSGD rose 0.27% last Friday while SGDHKD ended at 6.12 level.
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