The Hong Kong dollar remained soft at a 15-month low of 7.7643 against the US dollar as Chinese banks continued to repatriate funds to the mainland after Beijing lifted reserve requirements last week. Buying interest at around 7.7650 prevented the local currency from easing further. "An outflow of money continued as Chinese banks repatriated their funds and as the local stock market slid," said a dealer at a regional bank.
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