The USD/HKD is lower at 7.7552 vs 7.7562 earlier this morning, and compared with 7.7557 late Friday as some European banks sell amid a stronger euro against the greenback, says a senior trader at a Chinese bank; "besides, stronger local equities also encourage investors to park funds in Hong Kong. I expect the pair to be capped at 7.7580 in the near term, with support at 7.7540," the trader says. The HSI is up 1.2%.
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