The Hong Kong dollar edged lower and the discount on local dollar forwards narrowed on Friday as players adjusted positions, taking a cue from gains by the US unit against the yen and the euro.
The Hong Kong dollar spot rate fell as low as 7.7742 per US dollar in late afternoon before pushing back to 7.7738/39.
Meanwhile, the discount on one-year forwards narrowed to 660/650 pips from Thursday's close of 670/660 pips.