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Banks' Dollar-Funding Costs Decline for a Third Day in Europe

posted by Avatar Leonell 349 days ago in USD, EUR, JPY, CAD, AUD, NZD made popular 349 days ago

The three-month cross-currency basis swap, the rate banks pay to convert euro interest payments into dollars, was 49.5 basis points below the euro interbank offered rate at 10:20 am in London, according to data compiled by Bloomberg.
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