In early Asian session on Thursday, the Hong Kong dollar dropped to near a 3-week low of 7.7798 against the US currency. If the Hong Kong dollar slides further, it may likely target the 7.785 level. The pair was worth 7.7790 at yesterday's close.

Today, Hong Kong is scheduled to release its inflation report for December. The CPI is expected to rise to 3.0% from November's 2.9%.

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