The USD/HKD is lower at 7.7600 vs 7.7609 late Friday in Asia, as some investors shift funds into the HKD from the CNH as the local unit is considered a safe haven as it is pegged to the U.S. dollar, says a senior trader at a local bank. "I've spotted Chinese and U.K. banks buying the local currency. Purchases (of the Hong Kong dollar) have not finished, implying the pair may fall further later," the trader says. He tips the pair in a 7.7580-7.7630 band in the near term.
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