Discounts on Hong Kong dollar forwards edged off morning lows by late Friday afternoon ahead of the release of December employment data in the United States.
"People squared off some positions or are taking profits ahead of a key US data as well as before the weekend," said a dealer from a European bank.
The discount on one-year forwards were trading around 730/710 pips, versus 745/725 pips in the morning but unchanged from Thursday's close.
The Hong Kong dollar remained strong and shuffled between 7.7630 and 7.7634 throughout the day. It traded at 7.7630/31 flat from Thursday.
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