The Hong Kong dollar gave up ground on Tuesday afternoon on fears of fund outflows, but dealers said the market shrugged off poorer-than-expected economic growth data for the second quarter.
The Hong Kong dollar was trading at 7.7761/66 to the US dollar down from 7.7756/7.7759 late on Monday and giving up early gains after rising to 7.7753/7.7760 by late morning. Under the territory's linked exchange rate system, the Hong Kong dollar can trade between 7.75 and 7.85 to the US dollar.