Top of main content
Daily FX Focus

16 January 2026

Important Risk Warning

  • 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 MYR deposit will be subject to the risk of exchange rate fluctuation. If you choose to convert your foreign currency and MYR 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 MYR, you may suffer loss in principal.

AUD

Support / Resistance

vs USD 0.6649 / 0.6757 ⬆

AUD rose against USD yesterday, buoyed by a new US-Taiwan semiconductor trade deal that lifted risk sentiment. Lower market volatility also supported carry trades and helped the currency hold gains. AUDUSD rose 0.25% yesterday while AUDHKD ended at 5.22 level.

EUR

Support / Resistance

vs USD 1.1536 / 1.1732 ⬇

EUR fell against USD yesterday, even as Germany exited recession. ECB’s chief economist warned of risks from diverging Fed policy, and officials pushed back on aggressive rate cut bets. EURUSD fell 0.30% yesterday while EURHKD ended at 9.05 level.

GBP

Support / Resistance

vs USD 1.3302 / 1.3510 ➡

GBP weakened against USD yesterday despite a UK economic rebound, as BoE’s move to cut oversight fueled deregulation debate. The pound lagged peers as data suggested less need for aggressive rate cuts. GBPUSD fell 0.46% yesterday while GBPHKD ended at 10.43 level.

NZD

Support / Resistance

vs USD 0.5690 / 0.5813 ➡

NZD fell against USD yesterday, pressured by broad greenback strength and lacking domestic drivers. It stayed resilient despite renewed US-China trade tensions, trading in a narrow range. NZDUSD fell 0.16% yesterday while NZDHKD ended at 4.47 level.

RMB

Support / Resistance

vs USD 6.9433 / 6.9979 ⬆

CNH rose against USD yesterday after the central bank announced sector-specific rate cuts to boost the economy. The currency stayed stable, with downside limited by policy support expectations. USDCNH fell 0.10% yesterday while CNHHKD ended at 1.11 level.

CAD

Support / Resistance

vs USD 1.3724 / 1.3989 ⬇

CAD fell against USD yesterday as home sales dropped 1.2%, overshadowing stronger energy ties with China. The greenback’s strength drove the USDCAD pair higher. USDCAD rose 0.06% yesterday while CADHKD ended at 5.61 level.

JPY

Support / Resistance

vs USD 156.44 / 160.15 ⬇

JPY fell against USD yesterday as broad dollar strength and uncertainty from normalization pushed the pair higher. Official concern over one-sided moves offered some support. USDJPY rose 0.11% yesterday while JPYHKD ended at 4.91 level.

SGD

Support / Resistance

vs USD 1.2810 / 1.2921 ➡

SGD edged lower against USD yesterday, trading in a tight range as markets digested US trade and economic updates. MAS policy stance provided a floor for the currency. USDSGD rose 0.02% yesterday while SGDHKD ended at 6.05 level.

MYR

Support / Resistance

vs USD 4.0413 / 4.0753 ⬆

Yesterday, slightly dovish Fedspeak alongside contained US PPI and retail sales data saw UST yields pull back from recent highs, with markets nudging Fed cut expectations for 2026 up by 2bp to around 54bp. Broader USD strength yesterday morning opening at around 4.05 levels. In terms of flows, USDMYR traded broadly in consolidation mode ahead of more US economic data this week. USDMYR closed the day at 4.05. This morning, broader USD strength observed at back of better US data (jobless sales results) observed at the back of better than expected US data, allowing the USDMYR to open just above 4.05 this morning and is expected to trade around 4.04-4.09 range for now.

⬆ 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

Back to top  
24/7 FX services at your fingertips
Access competitive & real-time global exchange rates and make foreign currency conversions wherever you are, whenever you need to with HSBC
Book an appointment
You can now book your appointment with your preferred branch online to ask about our HSBC products and services at your local HSBC branches.

Related Insights

The USD was the worst performing G10 currency last year and is likely to stay soft in...[12 Jan]
A weak USD is likely to persist into 2026, providing temporary support for the EUR and...[22 Dec]
USD weakness has been evident across the G10 space so far in December, with the SEK…[15 Dec]
The Fed delivered a 25bp cut, with neutral guidance; our economists expect the Fed to be...[11 Dec]

Disclaimer

This document is issued by HSBC Bank Malaysia Berhad (127776-V) (HSBC). The information contained herein is derived from sources we believe to be reliable, but which we have not independently verified. HSBC makes no representation or warranty (express or implied) of any nature nor is any responsibility of any kind accepted with respect to the completeness or accuracy of any information, projection, representation or warranty (expressed or implied) in, or omission from, this document. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. Any examples given are for the purposes of illustration only. The opinions in this document constitute our present judgment, which is subject to change without notice. This document does not constitute an offer or solicitation for, or advice that you should enter into, the purchase or sale of any security, commodity or other investment product or investment agreement, or any other contract, agreement or structure whatsoever and is intended for institutional customers and is not intended for the use of private customers. The document is intended to be distributed in its entirety. No consideration has been given to the particular investment objectives, financial situation or particular needs of any recipient. Unless governing law permits otherwise, you must contact a HSBC Group member in your home jurisdiction if you wish to use HSBC Group services in effecting a transaction in any investment mentioned in this document. This document, which is not for public circulation, must not be copied, transferred or the content disclosed, to any third party and is not intended for use by any person other than the intended recipient or the intended recipient's professional advisers for the purposes of advising the intended recipient hereon.

Copyright. HSBC Bank Malaysia Berhad (127776-V) 2026. ALL RIGHTS RESERVED. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, on any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of HSBC Bank Malaysia Berhad.