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Hong Kong Dollar spikes the most in 15 years with Hibor hitting 10-year high

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The Hong Kong dollar surged by the the most in 15 year on Friday, on expectations of rising bank lending rates and tightness in cash supplies, pulling it off the weak end of its narrow trading band it had been stuck at for six months.

The Hong Kong dollar rose to 7.8107 against the US dollar as 3:51 local time, surging 0.6 per cent to break through 7.8 mark at one point, the biggest move in . . .

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