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Daily Forex Bulletin April 11, 2023 – XMDailyFX

Daily Forex Bulletin April 11, 2023

Want to focus on this kind of market insight? HSBC China Mobile Banking APP Wealth management page “Market information” section launched a new subscription function! Subscribe to the market news you care about, get you the first updates, and never miss out on HSBC’s unique investment analysis and insights. Go to the mobile banking APP and subscribe now! Material risk notice • Investing is risky. You should be aware that the capital value of the investment and the income from it can go up or down, or even become worthless, and you may not get back the amount originally invested. • The past performance presented in this document is not a reliable indicator of future performance. Currency exchange risk – The value of foreign currency and RMB deposits is subject to the risk arising from exchange rate fluctuations. If you choose to exchange your foreign currency and RMB deposits into other currencies at a different exchange rate than the original exchange rate, you may suffer a loss of principal. Australian dollar left Support/resistance level USD 0.6572/0.6748 The Australian dollar weakened against the greenback yesterday as tensions rose between China and the US over Taiwan, of which Beijing is the master Want trading partners. The dovish bias of the RBA does not see any significant gains. The Australian dollar fell 0.11% against the US dollar yesterday. Euro write Support/resistance level USD 1.0723/1.0984 The euro closed lower against the dollar yesterday, falling to its lowest level since April 3, as the dollar and US Treasury yields reacted to expectations of the Fed Will rise after a rate hike following strong US jobs data. The euro fell 0.37% against the dollar yesterday. Pound sterling write Support/resistance level USD 1.2204/1.2541 Sterling fell yesterday as the focus shifted to the US jobs data. The next Fed rate hike could be based on US non-farm payrolls According to reports, the dollar rebounded above the Easter holiday yesterday, but despite the light market activity. Sterling fell 0.32 per cent against the dollar yesterday. New Zealand dollar left Support/resistance level USD 0.6131/0.6337 Despite Easter being a holiday and China conducting large-scale military exercises near the Taiwan Strait, New York was hit by geopolitical concerns The dollar weakened against the dollar yesterday. The RBNZ’s hawkish tone failed to quell critics. NZD fell 0.42% against USD yesterday. Canadian dollar write Support/resistance level USD 1.3340/1.3738 The Canadian dollar closed higher yesterday, while the US dollar and US Treasury yields rose. The Canadian dollar has been supported by a rise in oil prices, which are the main thing in Canada Exporting goods helps keep inflation low and allows the Bank of Canada to keep interest rates steady. Usd/CAD fell 0.11 yesterday %. yen left Support/resistance level USD 130.86/135.10 The yen closed lower against the dollar yesterday after new Bank of Japan Governor Kazuo Ueda said inflation was still below 2% Target, will maintain ultra-loose monetary policy for now. The dollar gained 1.13 per cent against the yen yesterday. * The current trend observations are based on technical analysis of historical trends only and do not reflect any forward-looking views. Current trend signals are generated based on the 20-day moving average and the 50-day moving average. – Consolidation, which means that the currency moves sideways against the US dollar write The rise indicates that the currency is higher against the dollar left The decline indicates a weakening of the currency against the dollar Due date: April 17, 2023 statement This document is not and should not be construed as an offer, invitation to offer or recommendation to enter into any investment or purchase, or subscribe for or participate in any services. The information in this document is not based on your personal information Condition review. You should carefully consider the suitability of any investment views and investment products in light of your investment experience, investment objectives, financial sources and relevant circumstances, and make your own investment decisions. Although this document has been prepared with care, we make no warranties, representations or warranties as to the accuracy, timeliness or completeness of this document. For your use or reliance on this article The Bank shall not be liable for any loss, damage or any other consequences which may be incurred or suffered in connection with this event. The contents of this document are subject to change without notice. Part of this document The information is sourced from third parties, in which case the source will be disclosed where appropriate. The Bank believes in the reliability of such information but has not independently verified it. You should not reproduce or further distribute the contents of this report, in whole or in part, to any person or entity for any purpose. Published by HSBC Bank (China) Limited HSBC’s wechat account “HSBC China” is available for use in mainland China. The products and information provided in this public account are for customers in mainland China to access. This account is provided by the HSBC Bank (China) Limited (” HSBC China “). HSBC (China) Limited is supervised and managed by the China Banking and Insurance Regulatory Commission, the People’s Bank of China, the State Administration of Foreign Exchange and other regulatory bodies. If you are in other countries or regions outside Mainland China, the Bank cannot guarantee that it can provide you with the related products and services under this public account in accordance with the relevant laws and regulations of the country or region where you live. The information provided on this public account is not intended to be transferred to or used by anyone in any country or region where the dissemination or use of such information is restricted or prohibited by relevant laws and regulations, nor is it intended to be used by people in such country or region. Please note that the section marked “Related reading” at the bottom of this article is the content automatically recommended by Tencent’s wechat system, not the content recommended by HSBC China. As “related reading” is the default function of wechat to automatically recommend other content randomly, and this function cannot be turned off, HSBC China hereby declares that the content of “related reading” is not forwarded by HSBC China, and HSBC China does not make any recommendation, guarantee or endorsement of its content, please make your own judgment whether to open and read the content. Please carefully identify the authenticity and reliability of its content.

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