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Daily FX Focus

2 July 2026

Important Risk Warning

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AUD

Support / Resistance

vs USD 0.6807 / 0.7032 ⬇

AUD weakened against USD yesterday as broad dollar demand and firmer U.S. rate expectations outweighed a brief lift from calmer inflation remarks, while domestic housing weakness lingered. AUDUSD fell 0.38% yesterday while AUDHKD ended at 5.40 level.

EUR

Support / Resistance

vs USD 1.1259 / 1.1557 ⬇

EUR weakened against USD yesterday as softer euro-area inflation and balanced ECB rhetoric reduced tightening support, while the greenback stayed firm before U.S. payrolls. EURUSD fell 0.39% yesterday while EURHKD ended at 8.92 level.

GBP

Support / Resistance

vs USD 1.3118 / 1.3442 ⬇

GBP appreciated against USD yesterday, modestly outperforming peers as UK anxieties eased and sterling stayed steady despite broad dollar firmness. GBPUSD rose 0.10% yesterday while GBPHKD ended at 10.41 level.

NZD

Support / Resistance

vs USD 0.5576 / 0.5815 ⬇

NZD weakened against USD yesterday as a stronger dollar and cautious positioning before U.S. labor data pressured higher-beta currencies, with no fresh domestic catalyst. NZDUSD fell 0.11% yesterday while NZDHKD ended at 4.44 level.

RMB

Support / Resistance

vs USD 6.7585 / 6.8250 ➡

CNH weakened against USD yesterday as the greenback’s rebound and China growth concerns outweighed supportive manufacturing data and tech signals. USDCNH rose 0.04% yesterday while CNHHKD ended at 1.15 level.

CAD

Support / Resistance

vs USD 1.4026 / 1.4326 ⬇

CAD weakened against USD yesterday as policy divergence and softer commodity prices pressured the currency, with little support from a calm risk backdrop. USDCAD rose 0.14% yesterday while CADHKD ended at 5.51 level.

JPY

Support / Resistance

vs USD 160.58 / 163.69 ⬇

JPY weakened against USD yesterday as the policy gap stayed wide and the greenback remained supported before payrolls, despite brief intervention concerns. USDJPY rose 0.02% yesterday while JPYHKD ended at 4.82 level.

SGD

Support / Resistance

vs USD 1.2841 / 1.3031 ⬇

SGD weakened against USD yesterday as regional currencies followed the firmer greenback, despite stronger Singapore home prices offering some support. USDSGD rose 0.14% yesterday while SGDHKD ended at 6.05 level.

MYR

Support / Resistance

vs USD 4.0379 / 4.1534 ➡

USDMYR opens at 4.09, little changed from yesterday’s close, with price action likely to stay consolidative ahead of tonight’s US NFP after softer broad dollar tone followed Warsh’s less hawkish remarks. Yesterday’s session saw the pair probe higher toward the 4.09 handle on a better USD buying tone, but upside was capped by USD selling, leaving the pair to further consolidate around that level. Flow were light, with bias USD selling from corporates and bond-related flows while offshore funds and custodians were bias USD buying. The pair is expected to trade at the range of 4.08-4.11 today.

⬆ Up Trend, indicates that the currency has been moving higher against the USD

➡ Consolidation, indicates that the currency's movement against the USD has remained sideways

⬇ Down Trend, indicates that the currency has been moving lower against the USD 

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