9 November 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 6.6483 / 6.6922 ➡
CNH weakened against USD on Friday as Asian currencies suffered from the techstock sell-off. Chinese exporters cited RMB appreciation squeezing profit margins. Analysts forecast cautious measures to limit gains, not major currency-policy shifts. USDCNH rose 0.12% last Friday while CNHHKD ended at 1.17 level.
EUR
Support / Resistance
vs USD 1.1073 / 1.1242 ⬇
EUR weakened versus USD on Friday as euro-area retail sales dropped more than expected, signaling lower consumer demand. Stronger U.S. hiring worsened the currency’s performance. ECB’s Philip Lane emphasized gathering more data before December policy decision. EURUSD fell 0.68% last Friday while EURHKD ended at 8.73 level.
GBP
Support / Resistance
vs USD 1.3243 / 1.3480 ⬆
GBP declined against USD on Friday after BOE’s Huw Pill suggested rates could drop if growth slows next year. Strong U.S. payrolls reinforced expectations of further Federal Reserve tightening, adding pressure to the pound. GBPUSD fell 0.73% last Friday while GBPHKD ended at 10.46 level.
AUD
Support / Resistance
vs USD 0.6787 / 0.7004 ⬇
AUD fell against the U.S. dollar on Friday as a global AI infrastructure stock sell-off pushed investors towards defensive assets. Fears about tighter U.S. regulations delaying data-center investment undermined risk appetite, keeping the currency under pressure. AUDUSD fell 0.92% last Friday while AUDHKD ended at 5.37 level.
NZD
Support / Resistance
vs USD 0.5477 / 0.5661 ⬇
NZD depreciated against the U.S. dollar on Friday as uncertainty before New Zealand’s election weakened its performance. Tech-stock sell-off globally hurt risk appetite, while robust U.S. data fueled Fed tightening expectations. NZDUSD fell 0.89% last Friday while NZDHKD ended at 4.35 level.
CAD
Support / Resistance
vs USD 1.3991 / 1.4202 ⬇
CAD depreciated against USD on Friday after Canada lost 4,700 jobs in October, instead of an expected increase of 13,600. Job losses hit 114,700 in three months, diverging from U.S. strength and reinforcing split central-bank outlooks. USDCAD rose 0.78% last Friday while CADHKD ended at 5.55 level.
JPY
Support / Resistance
vs USD 156.75 / 159.45 ⬇
JPY weakened against the U.S. dollar on Friday as strong U.S. hiring revived expectations for a December Fed rate hike. Falling Japanese bond yields widened the rate gap, dampening defensive demand, though potential official intervention capped losses. USDJPY rose 0.49% last Friday while JPYHKD ended at 4.94 level.
CHF
Support / Resistance
vs USD 0.8115 / 0.8304 ⬆
CHF declined versus the U.S. dollar on Friday as Switzerland’s consumer-climate index fell to minus 42 from minus 35, marking a four-year low. Tech-stock sell-off lifted the dollar. Strong U.S. jobs data further supported dollar gains. USDCHF rose 0.48% last Friday while CHFHKD ended at 9.56 level.
SGD
Support / Resistance
vs USD 1.2772 / 1.2857 ⬇
SGD weakened against USD on Friday as risk aversion grew regionally after the tech-stock sell-off. Shares in Singapore’s semiconductor and electronics firms slid amid U.S. regulatory concerns. Defensive flows bolstered USD among Asian currencies. USDSGD rose 0.38% last Friday while SGDHKD ended at 6.11 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.
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