FX Flash: Dollar Edges Higher To 7.8402/10 Against Hong Kong Dollar

The U.S. dollar rose to 7.8402/10 against the Hong Kong dollar, while the dollar-yuan rate was quoted at 6.7105/12, according to ETNet. The one-year offshore yuan non-deliverable forward was quoted at 6.5587/5657, implying a discount of 1,487 points to spot. Hong Kong interbank offered rates were 2.8% overnight, 2.75% for one week, 2.78% for two weeks, 2.89% for one month, 2.99% for two months, 3.08% for three months, 3.24% for six months and 3.58% for one year.