4 Sep 2025
Support / Resistance
vs USD 0.6451 / 0.6599 ⬆
AUD advanced higher against the dollar yesterday, due to strong Australian GDP data and lowered fiscal deficit concerns. The economy grew by 0.6% in the second quarter, exceeding market expectations. AUDUSD rose 0.35% yesterday while AUDHKD ended at 5.10 level.
Support / Resistance
vs USD 1.1575 / 1.1744 ⬇
EUR climbed against the dollar yesterday, as JOLTS weakness and factory orders continued to weigh on the Greenback. Improved customer sentiment also encouraged Euro buying. EURUSD rose 0.19% yesterday while EURHKD ended at 9.09 level.
Support / Resistance
vs USD 1.3324 / 1.3569 ⬇
GBP rose against the dollar yesterday as investors felt more positive about a Fed interest rate cut in Sep. However, comments from BoE Governor Andrew Bailey on Quantitative Easing limited these gains. GBPUSD rose 0.37% yesterday while GBPHKD ended at 10.48 level.
Support / Resistance
vs USD 0.5803 / 0.5947 ⬇
NZD strengthened against USD yesterday with improving outlook on trade relations between New Zealand and China. Additionally, rising concerns on Fed's monetary policies is weighing on the USD. NZDUSD rose 0.19% yesterday while NZDHKD ended at 4.58 level.
Support / Resistance
vs USD 7.1047 / 7.1828 ⬆
CNH weakened against the dollar yesterday despite a lower US dollar. The downtrend in fixing and onshore equities retreat has led to the extended decline in yuan both onshore and offshore. USDCNH rose 0.01% yesterday while CNHHKD ended at 1.09 level.
Support / Resistance
vs USD 1.3703 / 1.3903 ➡
CAD weakened against USD yesterday as the BoC is expected to cut rates this month, driven by sharper than expected economic contraction. Additionally, the upcoming US nonfarm payroll puts traders on a lookout for the Greenback. USDCAD rose 0.09% yesterday while CADHKD ended at 5.65 level.
Support / Resistance
vs USD 146.70 / 149.29 ⬇
JPY strengthened against the dollar yesterday, driven by broad dollar weakness due to lower treasury yields and weak JOLTS. Investors remain cautious as Fed rate cut expectations remains the key driver for the Yen. USDJPY fell 0.18% yesterday while JPYHKD ended at 5.26 level.
Support / Resistance
vs USD 1.2811 / 1.2921 ⬇
SGD strengthened against USD yesterday as rising expectations of a Fed rate cut in September solidified, reinforced by signs of slowing U.S. labor market. Additionally, pressure build on the greenback as treasury yields softened. USDSGD fell 0.04% yesterday while SGDHKD ended at 6.05 level.
Support / Resistance
vs USD 4.2020 / 4.2440 ⬆
USDMYR opened at 4.23 yesterday. Market was rather stable in the morning session with the pair consolidating around 4.23. Some USD supply seen when USDMYR traded higher which caused any upward momentum to be kept in check. Spot remained rather stable even after lunch however some slightly more USD selling bias as compared to the morning session. Market eventually closed at 4.23 for the day. Overnight, US Jolts data missed expectations with USD being dragged lower. USDMYR opened lower today at 4.22 as a result. Looking ahead, we expect US NFP data to remain key data for any further direction. Malaysia market will also be closed tomorrow as we observe a public holiday. USDMYR expected to trade in range of 4.21- 4.24 for today.
⬆ Consolidation, indicates that the currency's movement against USD has remained sideways
➡ Up Trend, indicates that the currency has been moving higher against the base currency
⬇ Down Trend, indicates that the currency has been moving lower against the base currency
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