SINGAPORE, May 10 (Reuters) - Hong Kong interbank rates
jumped on Wednesday and pulled up the Hong Kong dollar.
The overnight Hong Kong Interbank Offered Rate (HIBOR> shot up nearly 92 basis points to 4.4381%, its
highest since December 2019.
One-week HIBOR rose about 48 bps to 4.10952% and
one-month HIBOR hit its highest since January at 4.15762%. The
Hong Kong dollar rose to its highest since the middle
of February at 7.8325 per dollar.
Hong Kong rates are tethered to the U.S. by the Hong Kong
dollar's peg to the U.S. dollar, and have been rising for a few
weeks.
(Reporting by Tom Westbrook; Editing by Muralikumar
Anantharaman)
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