20 Dec 2024
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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.
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Support / Resistance
vs USD 0.6113 / 0.6441 ⬇
AUD ended higher against the USD yesterday, after hitting a fresh two-year low earlier in the day. The Aussie dollar was aided by a sharp drop in yen as markets scaled back wagers on a future rate hike from BoJ. AUDUSD rose 0.34% yesterday while AUDHKD ended at 4.84 level.
Support / Resistance
vs USD 1.0260 / 1.0546 ⬇
EUR ended slightly higher against the dollar yesterday. The ECB Governor Patsalides said he prefers small, gradual rate cuts as he doesn't see inflation undershooting persisting for a very long time. EURUSD rose 0.10% yesterday while EURHKD ended at 8.05 level.
Support / Resistance
vs USD 1.2384 / 1.2713 ⬇
GBP ended weaker against the dollar yesterday and short dated British bond yields pulled back from peaks after the Bank of England held interest rates unchanged. GBPUSD fell 0.57% yesterday while GBPHKD ended at 9.71 level.
Support / Resistance
vs USD 0.5514 / 0.5837 ⬇
NZD ended higher against the US dollar yesterday despite data showed New Zealand's economy sank into recession in the third quarter as activity dropped far more sharply than expected. NZDUSD rose 0.12% yesterday while NZDHKD ended at 4.37 level.
Support / Resistance
vs USD 7.2567 / 7.3178 ⬆
CNH ended stronger against the dollar yesterday. Yuan has been falling recently, but found support from the PBOC which set a firmer daily reference rate to slow down yuan depreciation. USDCNH fell 0.22% yesterday while CNHHKD ended at 1.06 level.
Support / Resistance
vs USD 1.4098 / 1.4581 ⬇
CAD ended higher against the US dollar yesterday after economists' forecast that Canadian retail sales rose 0.7% in Oct. Meanwhile, new Finance Minister LeBlanc said PM Trudeau has full support of the cabinet to continue in his role. USDCAD fell 0.34% yesterday while CADHKD ended at 5.39 level.
Support / Resistance
vs USD 151.40 / 160.69 ⬆
JPY weakened against the US dollar yesterday after the BoJ kept interest rates unchanged. Speculation of a policy change is reignited under the call for a policy review. USDJPY rose 1.71% yesterday while JPYHKD ended at 4.93 level.
Support / Resistance
vs USD 0.8806 / 0.9093 ⬇
CHF ended stronger against the dollar yesterday. The Swiss Franc appears to have benefited from safe-haven flows amid geopolitical tensions and political uncertainty. USDCHF fell 0.27% yesterday while CHFHKD ended at 8.64 level.
Support / Resistance
vs USD 1.3427 / 1.3710 ⬇
SGD ended stronger against the US dollar yesterday despite the USD ending slightly stronger against major peers while long dated US treasury yields ended higher. USDSGD fell 0.13% yesterday while SGDHKD ended at 5.70 level.
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