The Hong Kong dollar moved in narrow ranges against the US currency on Monday amid little fresh news, with dealers eyeing some key US data due for release later in the week.
"The market was quiet with no clear direction. People moved to the sidelines ahead of the US economic data," said a dealer from a European bank.
After shuffling between 7.7990 and 7.7997 during the session, the local currency traded at 7.7995/96 per US dollar little changed from 7.7993/94 in late Asian trade on Friday.
Meanwhile, the discount on one-year forwards was quoted at 685/675 pips, a touch wider than Friday's close of 670/650 pips.
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