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Hong Kong dollar hits a 3 month high. HIBOR on the move also (rates jump)

USD/HKD has hit a 3-month low (HKD a 3 month high) circa 7.8325:It was only last week that the Hong Kong Monetary Authority (HK's central bank) was intervening to support the HKD. The HKMA have held the HKD in its desired trading band pegged against the USD for decades. As for rates: Hong Kong overnight interbank offered rate jumps 92 bps to 4.4381%, highest since late 2019One-week HIBOR up 48 bps to 4.10952%, highest since December 2022One-month HIBOR up 38.5 bps to 4.15762%, highest since Jan... Read More

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Posted: May 10 2023, 03:37

Author Name: forexlive

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