Latest Change USD/HKD Spot 7.7930 +0.0033 1-year USD/HKD Forward* -383 +2 Overnight Hibor 0.14% +1 bp 1-month Hibor 0.16% -1 bp 3-month Hibor 0.24% Unchanged 1-year Hibor 0.58% Unchanged 2-year EF Note 0.18% +1 bp 10-year EF Note 1.56% -16 bps *mid-point of bid-offer spread HONG KONG (Dow Jones)--The Hong Kong dollar fell against the U.S. dollar Tuesday, as investors shifted funds to the safe-haven greenback amid renewed concerns over European debt woes. In late Asian trade, the U.S. dollar was at HK$7.7930, up from HK$7.7897 Monday. The U.S. unit was fixed at HK$7.7928 earlier Tuesday. Traders expect the local currency to stay weak in the coming sessions, as there is no sign of a strong recovery for equity markets in the near term. They tipped the U.S. dollar to find support at HK$7.7800, but said it may test HK$7.8000 if the euro drops further. "There is selling interest from different banks as some investors are shifting funds away (from the local market)," said a senior trader at a Chinese bank. The benchmark Hang Seng Index was weak for most of the session, dropping by as much as 1.7% before bouncing back on bargain hunting. The index ended up 0.5% at 19,710.50. The offshore yuan also slid against the greenback, weighed by a softer onshore fixing by the People's Bank of China, and a broadly stronger U.S. dollar overseas. In late Asian trade in Hong Kong, the U.S. dollar was at CNY6.3620, up from CNY6.3590 late Monday. The People's Bank of China guided its onshore fixing slightly higher at CNY6.3946 Tuesday, compared with CNY6.3926 Monday. -By Fiona Law, Dow Jones Newswires; 852-2802-7002; fiona.law@dowjones.com

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