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USD/HKD Extends Losses, Downward Bias Remains

Forex News USD/HKD extends losses on more selling tracking weaker USD/JPY, says FX strategist with local bank. Pair last 7.7968 vs 7.7974 morning, lower than 7.7982 yesterday. "The pair may fall more as stabilized Hong Kong stocks attract capital inflows, lending support to the Hong Kong currency," strategist says. HSI up 0.4%. Tips pair in 7.7950-7.7990 range in near-term.



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