Hong Kong dollar little changed

The Hong Kong dollar moved in a narrow range against the greenback on Friday with thin activity as players kept on the sidelines ahead of US trade data due later in the day. After shuffling between 7.7993 and 7.7998, the local currency traded at 7.7995/96 per US dollar little changed from 7.7993/94 in late Asian trade on Thursday. Looming US trade data and concern global central banks are looking to diversify away from dollar assets pinned the US currency near a two-month low against the euro in Friday's early European session.
US trade figures, due at 1330 GMT, are expected to show the country's deficit widening to $56.5 billion in January from $56.4 billion in December, close to record levels hit late last year.