Hong Kong interbank offered rates rose across the board Monday ahead of the US Fed's policy meeting, with the local currency touching its strongest level in more than four months, The Standard reported.

The one-month Hibor, a key benchmark tied to mortgage costs, climbed 3 basis points to 3.19%. The overnight rate surged 43 basis points to 3.061%, according to the report.

The Hong Kong dollar advanced to around 7.77 per US dollar, moving past the midpoint of its 7.75-7.85 trading band.

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