The Hong Kong dollar held steady on Monday as the US dollar eased against major rivals following recent comments from the Federal Reserve and a tepid batch of US data that tempered expectations of a near-term interest rate rise.
The local unit traded at 7.7989/90 to the US dollar little changed from 7.7986/87 in late Asian trade on Friday, but off a near seven-month low of 7.7995 hit last Thursday.
"There was two-way interest with the spot rate supported at around HK $7.7980 per US dollar," said a dealer at a European bank.
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