2012.06.06 10:01:52 MARKET TALK: USD/HKD Steady; 7.7570 N/T Support Eyed - Trader

0801 GMT [Dow Jones] The USD/HKD is nearly-unchanged at 7.7582, vs 7.7589 late Tuesday in Asia, as a positive local stock market offsets lingered concerns over the euro-zone debt problems. "I believe the pair is slightly biased downwards, weighed by regional funds being parked in the Hong Kong dollar, which is seen as a relatively safe currency as compared with its Asian peers," says a trader at a local bank. He tips strong support at 7.7570, which is a level that would lure bids as it is near 7.7500 the lower end of the trading band under the current linked exchange rate regime. The HSI is up 1.4%. (fiona.law@dowjones.com) Contact us in Singapore. 65 64154 140; MarketTalk@dowjones.com (END) Dow Jones Newswires June 06, 2012 04:01 ET (08:01 GMT)