The Hong Kong dollar slipped on Friday, tracking losses in other regional currencies such as the yen against the broadly firmer US dollar. The domestic currency fell to as low as 7.7680 at one point re-testing a nine-month low hit on Wednesday, before pulling back to 7.7672/74.
On Thursday, it ended local trading at 7.7659/61.
The US dollar held near a two-month high against the yen on Friday amid speculation the Federal Reserve could pump up its benchmark interest rate by as much as 50 basis points next week.
Some traders also said there were some fund outflows from the city due to weak sentiment in the stock market and demand for US dollars from a Chinese bank which has been converting proceeds raised from an IPO in Hong Kong earlier this month.
The benchmark Hang Seng index fell 0.11 percent on Friday in quiet trade as investors were wary before the US central bank meeting on June 28-29.
A dealer at a European bank expected the Hong Kong dollar to move in a range between 7.7650 and 7.7680 in the near term.