The USD/HKD is down at 7.7533 from 7.7538 late Thursday, after the Fed announced its bond-buying plan. "I expect the pair to remain under pressure in the near term due to the latest QE3, in line with the U.S. dollar offshore," says a senior trader at a U.S. bank. He tips the pair to trade in a 7.7530-7.7550 band in the near term.
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