Hibor rises across the board to 3 percent, Hong Kong dollar strongest in four months

Hong Kong interbank offered rates climbed above 3 percent across the board on Monday ahead of the Fed meeting, with the local currency hitting its highest in more than four months.

The one-month Hibor, which is tied to mortgage rates, rose 3 basis points to 3.19 percent, while the overnight gauge also jumped 43 basis points to 3.061 percent. The Hong Kong dollar also strengthened to around 7.77 against the greenback, above the middle point of its 7.75-7.85 trading band.