The Hong Kong dollar declined to a 1-week low of 7.7784 against the U.S. dollar in early Asian deals on Tuesday. The Hong Kong currency is presently trading at 7.7774 against the greenback, compared to yesterday's close of 7.7757. If the Hong Kong dollar weakens further, it may target the 7.780 level.

Today, Hong Kong will announce the seasonally adjusted unemployment rate for December. Analysts are expecting the rate to ease slightly to 4.0 percent from 4.1 percent in November.

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