The Hong Kong dollar was little changed on Friday near a five-month low as players awaited key US jobs data due later in the day.
The unit was at 7.7626/27. It had hit a fresh five-month low of 7.7936 on Thursday before recovering to 7.7918/19 in late Asian trade.
"The market is taking a breather after the recent sharp decline in the local currency against the US dollar," one trader said.
In the past couple of days, the Hong Kong dollar had been pressured by a fall in local equities, the US dollar's rise against other foreign currencies and fears that investor confidence could be hit by a growing row between pro-Beijing and pro-democracy lawmakers in Hong Kong.