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SHANGHAI: Hong Kong dollar weakened to a near one-year low against the US dollar on Monday, pressured by flush local currency conditions in the financial hub.
China’s yuan slips on weaker-than-expected activity data, corporate dollar demand
The Hong Kong dollar fell to a low of 7.8220 per dollar, the weakest level since May 2024. It last traded at 7.8219 per dollar as of 0439 GMT.