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Dollar Gains vs HKD; USD/HKD 7.8402/10 and USD/CNY 6.7105/12

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The U.S. dollar rose to 7.8402/10 per Hong Kong dollar, according to ETNet.

The dollar-yuan rate was quoted at 6.7105/12.

The one-year offshore yuan non-deliverable forward was 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.

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