The three-month Hong Kong interbank offered rate (HIBOR) has dropped to 1.52% to hit the lowest level since April 2018, according to Reuters News. The HIBOR has hit a two-year low a day after the Hong Kong Monetary Authority (HKMA) lowered the base rate by 50 basis points to 1.5%. The US Federal Reserve also cut rates by 50 basis points on Tuesday to contain the negative impact of the coronavirus impact on the economy and markets. The USD/HKD pair is currently trading at 7.7726, having defended 7.765 for the second day on Wednesday. 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 RBNZ to cut rates by 50bps at March meeting – TDS FX Street 2 years The three-month Hong Kong interbank offered rate (HIBOR) has dropped to 1.52% to hit the lowest level since April 2018, according to Reuters News. The HIBOR has hit a two-year low a day after the Hong Kong Monetary Authority (HKMA) lowered the base rate by 50 basis points to 1.5%. The US Federal Reserve also cut rates by 50 basis points on Tuesday to contain the negative impact of the coronavirus impact on the economy and markets. The USD/HKD pair is currently trading at 7.7726, having defended 7.765 for the second day on Wednesday. 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.
