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 interbank interest rates also rose across the board, with the one-month interbank rate related to mortgages inching up to 4.05946%.
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%.
Related Articles
OPEC+ to increase production by 411,000 barrels per day in August, exacerbating concerns about supply surplus and putting downward pressure on oil prices.
Bernard questions the judgment of the Federal Reserve: the trend of the 2-year US Treasury bond yield indicates that the benchmark interest rate is too high.
U.S. Treasury Secretary: U.S. Dollar depreciation has nothing to do with the "strong dollar policy" Reserves currency status remains stable.
OPEC+ to increase production by 411,000 barrels per day in August, exacerbating concerns about supply surplus and putting downward pressure on oil prices.
Bernard questions the judgment of the Federal Reserve: the trend of the 2-year US Treasury bond yield indicates that the benchmark interest rate is too high.
U.S. Treasury Secretary: U.S. Dollar depreciation has nothing to do with the "strong dollar policy" Reserves currency status remains stable.
