Overnight HKD HIBOR jumps to the highest since September 30

Dhwani Mehta FXStreet

The overnight Hong Kong Dollar (HKD) Hong Kong Interbank Offered Rate (HIBOR) jumped to 2.37%, hitting the highest levels since September, 30th.

The HIBOR is a reference rate for lenders and borrowers that participate in the Asian economy.

The USD/HKD pair is currently trading near 7.8360, almost unchanged on the day.

Earlier today, HKMA followed Fed’s footsteps and announced the third-rate cut.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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