The exchange rate of Hong Kong dollar hit a one and a half month high, general interest rates are rising, and the six-month period is back above 4%.

The Hong Kong dollar exchange rate hit a new high this morning, reaching 7.7711 against the US dollar, the strongest since January 7th. The Hong Kong dollar interbank interest rates also rebounded almost across the board, with the one-month interbank rate related to mortgages rising slightly to 4.05946%. The three-month interbank rate, reflecting the cost of bank funds, also rose to 4.06196%. Overnight rates fell for the second consecutive day, hitting a low of 3.8381%. The six-month interbank rate returned to over 4%, while the one-year rate also rose to 4.117629%.