The Hong Kong dollar slipped on Monday as a robust US jobs report bolstered the US dollar against major currencies. Some dealers said the local currency was also hurt by easing expectations of an imminent yuan revaluation as there were no signs of any moves by China to loosen its currency's peg to the US dollar. The local currency weakened to a one-week low of 7.7977/78 per US dollar from 7.7923/25 in late Asian trading on Friday. Meanwhile, the discount on one-year dollar forwards narrowed to 840/810 pips from Friday's close of 910/880 pips.
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