19 Sep 2024
Support / Resistance
Support / Resistance
vs USD 1.1016 / 1.1204 ➡
EUR rose against the dollar yesterday as the USD fell against major peers before recovering later in the day after the Fed cut interest rates by 50 bps and hinted at further rate cuts. EURUSD rose 0.04% yesterday while EURHKD ended at 8.66 level.
Support / Resistance
vs USD 1.3042 / 1.3340 ⬆
GBP rose against the dollar yesterday, hit a fresh 30-month high after the Fed surprised the markets with a 50 bps rate cut. Also the UK inflation data for August came in line with expectation, underpinning GBP. GBPUSD rose 0.40% yesterday while GBPHKD ended at 10.29 level.
vs USD 0.6649 / 0.6849 ⬇
AUD rose against the dollar yesterday after USD tumbled to 14 month low following the 50 basis point rate cut by the Fed. While AUD continues to draw support from the RBA's hawkish stance. AUDUSD rose 0.12% yesterday while AUDHKD ended at 5.27 level.
Support / Resistance
vs USD 0.6117 / 0.6286 ➡
NZD rose against the dollar yesterday after the US Fed cut its interest rate by 50 bps as widely expected. NZD strengthened despite the RBNZ expected action due to weak economic performance. NZDUSD rose 0.40% yesterday while NZDHKD ended at 4.83 level.
Support / Resistance
vs USD 1.3500 / 1.3670 ➡
CAD fell against dollar yesterday despite touching its strongest level since Sep 6 as the USD rebounded after the Fed cut interest rates by 50 bps. A fall in oil prices also weighed on the CAD. USDCAD rose 0.05% yesterday while CADHKD ended at 5.72 level.
Support / Resistance
vs USD 138.82 / 146.46 ➡
JPY rose against the dollar yesterday as the USD eased although it recovered after the Fed cut rates by 50 bps. Meanwhile, data showed Japan's export growth slowed sharply in Aug as machinery orders shrank. USDJPY fell 0.08% yesterday while JPYHKD ended at 5.48 level.
Data source: Refinitiv, dated 19 Sep 2024 before 9:30 am
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