8 Jul 2025
Support / Resistance
vs USD 0.6375 / 0.6595 ➡
AUD eased against the dollar yesterday as market expectations lean towards a likely rate cut from the RBA later today as easing inflation and a slowing economy weigh. AUDUSD fell 0.99% yesterday while AUDHKD ended at 5.09 level.
Support / Resistance
vs USD 1.1492 / 1.1876⬆
EUR slipped against the dollar yesterday due to increased trade tensions, as President Trump announced 25% tariffs on Korean and Japanese goods. EURUSD fell 0.59% yesterday while EURHKD ended at 9.19 level.
Support / Resistance
vs USD 1.3381 / 1.3802 ⬆
GBP weakened against the dollar yesterday, as the dollar rose against the basket of currencies. Meanwhile, investors are concerned about UK finances after Labour Party's welfare changes. GBPUSD fell 0.35% yesterday while GBPHKD ended at 10.67 level.
Support / Resistance
vs USD 0.5877 / 0.6116 ➡
NZD ended lower against the US dollar yesterday as trade uncertainty rose following a US tariff delay from July 9 to August 1 while markets awaited the RBNZ meeting on forward guidance. NZDUSD fell 1.07% yesterday while NZDHKD ended at 4.70 level.
Support / Resistance
vs USD 7.1527 / 7.2011 ➡
CNH fell against the dollar yesterday as investors became cautious ahead of Trump's trade tariff deadline. Trump also stated that countries supporting the "Anti-American policies" of BRICS, will face an extra 10% tariff. USDCNH rose 0.23% yesterday while CNHHKD ended at 1.09 level.
Support / Resistance
vs USD 1.3558 / 1.3802 ➡
CAD ended lower against the US dollar yesterday as the Dollar firmed after remarks from US officials offered on the outlook for tariffs on Asian countries and new rates to be effective from 1 August. USDCAD rose 0.60% yesterday while CADHKD ended at 5.73 level.
Support / Resistance
vs USD 143.11 / 148.47 ⬇
JPY edged lower against the dollar yesterday as trade tensions between U.S. and Japan escalate as Trump announced yesterday to impose 25% tariffs on Japanese imports. USDJPY rose 1.09% yesterday while JPYHKD ended at 5.37 level.
Support / Resistance
vs USD 1.2679 / 1.2924 ⬆
SGD ended lower against the US dollar yesterday as the greenback strengthened following US remarks on tariffs. Trump confirmed higher tariffs starting on August 1. USDSGD rose 0.44% yesterday while SGDHKD ended at 6.13 level.
Support / Resistance
vs USD 4.2035 / 4.2810 ➡
USDMYR began the week around 4.22 level, broadly unchanged from last Friday’s close following a quiet overnight session and weekend. The pair opened with a wide spread, which gradually narrowed as trading progressed, though liquidity conditions remained thin. USDMYR steadily climbed towards 4.25 as USD demand gained momentum amid headline driven concerns over BRICS related tariffs. The pair eventually settled around 4.24 level by day’s end. Overnight, USD extended its rally after President Trump announced new tariff rates to take effect on Aug 1, including 25% levy on imports from Malaysia. As uncertainty continues to linger with global trade tensions, local focus is on tomorrow’s BNM MPC meeting. The street and our house view see OPR to be cut by 25bps to 2.75%. This morning, USDMYR opened higher at 4.25 and may trade within the range of 4.23-4.26 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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