The Hong Kong dollar held within a narrow range against the US dollar on Tuesday, while interbank rates were mostly softer because of abundant liquidity in the banking system. The local currency traded between 7.7501 and 7.7502 for most of Tuesday, just a whisker below its upper limit at 7.7500 to the US dollar.
A trader forecast the spot rate would trade in a range of 7.7500 to 7.7520 this week as people still regard Hong Kong dollar as safe haven. The Hong Kong dollar has strengthened in recent weeks amid strong inflows of funds to the territory.
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