Currencies
Hong Kong Dollar Tests Strong End of Trading Band for Second Day
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The Hong Kong dollar tested the strong end of its allowable trading band for a second session Monday, as regional currencies rally amid broad weakness in the greenback.
The local currency appreciated to its limit of 7.75 to the US dollar before erasing gains to be little changed at 7.7507. The central bank pegs the currency in a trading band between 7.75 and 7.85.