The Hong Kong dollar climbed to a 1-week high of 7.7863 against the US dollar in the early Asian session on Thursday. The next upside target level for the Hong Kong dollar is seen at 7.780. The pair that closed yesterday's trading at 7.7897 is presently worth 7.7870.

Hong Kong will announce its composite interest rate for January, with little change expected from the current level of 0.21 percent.

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