USD/HKD likely to stay

USD/HKD likely to stay close to lower limit of trading band this week on continued capital inflows, says trader at Chinese bank. Pair last at 7.7500 vs 7.7501 yesterday. "The fall of the U.S. dollar against major currencies overnight after comments from U.S. Treasury Secretary Timothy Geithner fuels market uncertainties about the U.S. dollar's status and prompts investors to shift funds into the Hong Kong dollar"; adds more interventions by HKMA likely today. Notes HKMA intervened in FX market again during Asia and NY trade Wednesday by selling total of HK$12.01 billion. Tips pair in 7.7500-7.7505 in near term.