The Hong Kong dollar edged higher on Friday, bolstered by a broad-based decline for the US dollar and as the Chinese currency closed at a fresh post-revaluation high.
"A softer dollar/yen and stronger renminbi (yuan) have contributed to a rise in the Hong Kong dollar," said a dealer from a European bank, adding that some hot money had flowed into the territory's stocks market.
Hong Kong's blue chip Hang Seng Index closed 0.04 percent higher on Friday but the trading volume remained strong.
The local currency was trading at 7.7693/94 per US dollar, a touch higher than 7.7701/03 in late Asian trade on Thursday.
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