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2008USD/HKD Sharply Up; US Fund House Buys - Trader

Forex News: USD/HKD jumps to 7.8024 vs 7.7984 yesterday as a major U.S. fund house bought "sizable amount" of USD overnight, pushing pair to levels above 7.8000, local bank senior trader says. Expects local stocks to be volatile after lackluster U.S. shares overnight; "it might prompt investors to shift funds into the U.S. dollar, lending more support to the U.S. unit." Tips pair at 7.7990-7.8040 in near term


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