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Banks' Dollar Funding Costs Decline to One-Year Low in Europe

posted by Avatar crunchy 274 days ago in EUR

The three-month cross-currency basis swap, the rate banks pay to convert euro interest payments into dollars, was 33 basis points below the euro interbank offered rate, or Euribor, at 8:20 a.m. in London, from minus 35 on Aug. 17. The swap is at the ...
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