Hong Kong dollar in a tight range

Posted by 7Star Tuesday, February 2, 2010

The Hong Kong dollar held in a narrow range against the US dollar on Monday and dealers said there was commercial demand for both currencies. However, sentiment was damped by a weak stock market. The local currency traded between 7.7655 and 7.7677 during the session. Dealers said they were watching fund movements after a recent sell-off in the city's stock market pressured by China's moved to tighten liquidity.

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