USD/HKD Lower In 7.7530-7.7570 Band; US Data Eyed

The USD/HKD is lower at 7.7550, from 7.7565 late Wednesday, on broad USD weakness, says a trader at a Singapore bank. He tips the pair to trade between 7.7530 and 7.7570 in the near term. "I've spotted many foreign banks selling the pair amid a weaker USD offshore, but some corporate demand for the U.S. dollar lends slight support. I expect the pair to remain in a narrow range in the near term as many investors remain on a wait-and-see mode ahead of the U.S. nonfarm payroll data (on Friday)."