Forex News USD/HKD off morning highs with players taking profit around 7.8000, likely to consolidate near that level, senior trader with major local bank says. Pair last at 7.7990 vs 7.8005 earlier. "The dollar is surely weak in the near term because of the weak economy and stocks, but the interest rate differentials are likely to keep the Hong Kong dollar rising slower than other currencies (against the USD)." Tips front-end Hibors to stay around current levels in near term, with stocks seemingly taking a breath.
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