Budweiser and Alibaba flag Hong Kong dollar oddity, says cbeddor:
The Hong Kong Interbank Offered Rate rose on July 4, with one-month and two-week rates reaching their highest levels since October 2008.
The Hong Kong dollar posted a 0.33% gain against the U.S. dollar in June, its biggest monthly rise since September 2008. The higher rates pulled the currency to 7.8 against the greenback as of July 8.
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