The Hong Kong Interbank Offered Rate (HIBOR) may not track US interest rates lower and will be more influenced by local factors, the Hong Kong Monetary Authority (HKMA) said on Thursday, according to Reuters. The USD/HKD pair is currently trading at 7.8271, having printed a two-year low of 7.78238 on July 4. Key quotes “US rate cut won’t have obvious impact on Hong Kong property market.” “Financial markets and currency not clearly affected by social incidents.” “No noticeable outflow of funds of Hong Kong Dollar.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next NZD/USD technical analysis: 0.6567/68 horizontal-resistance restricts latest recovery FX Street 4 years The Hong Kong Interbank Offered Rate (HIBOR) may not track US interest rates lower and will be more influenced by local factors, the Hong Kong Monetary Authority (HKMA) said on Thursday, according to Reuters. The USD/HKD pair is currently trading at 7.8271, having printed a two-year low of 7.78238 on July 4. Key quotes "US rate cut won't have obvious impact on Hong Kong property market." "Financial markets and currency not clearly affected by social incidents." "No noticeable outflow of funds of Hong Kong Dollar." Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
