FX And Hibor Rates Edge Lower In Morning Trade

The U.S. dollar was quoted at 7.8399/8407 against the Hong Kong dollar and at 6.7162/7169 against the yuan, while the one-year non-deliverable forward was quoted at 6.5655/5742, narrowing its discount to spot to 1,467 points, according to ETNet. Hong Kong interbank offered rates were lower across most tenors. Overnight Hibor was 2.22%, one-week Hibor was 2.6%, two-week Hibor was 2.63%, one-month Hibor was 2.84%, two-month Hibor was 2.94%, three-month Hibor was 3.03%, six-month Hibor was 3.23%, and one-year Hibor was 3.55%.