The pair touches fresh 33-year highs of 7.8470
Eamonn has been covering this for quite a while as seen here earlier.
The Hong Kong Monetary Authority (HKMA) allows the HKD to trade between a range of 7.75 to 7.85 against the USD - with a peg at 7.80.
And despite their efforts to talk up the currency - HKMA chief Norman Chan earlier said that "HKD rates are at an unusually low level" and even vowed to "not allow the HKD to fall to the weak end of the trading band" - it is still falling.
If you can't envisage the picture, just think of the SNB and the EUR/CHF 1.20 trading floor three years ago. Just take out the part where they took swept the rug off the floor.
