The Hong Kong dollar was modestly higher against the US dollar on Wednesday after moving in a narrow range, while interbank rates were steady and hovered at a similar level to the previous session. The local currency was trading at 7.8079/80 per US dollar at 0845 GMT, slightly stronger than late Tuesday trade in Asia.
One dealer said the market spent the day within a 15-tick range with little direction, and he had not seen big flows even after a rally in the stock market.