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View Full Version : Cost of Swapping Euro Payments to Dollars Drops to 3-Week Low - Bloomberg



NewsWhore
10-12-2011, 09:10 AM
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Cost of Swapping Euro Payments to Dollars Drops to 3-Week Low (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNF7c5Ywv1o38UnlERKIxV4d_981bA&url=http://www.bloomberg.com/news/2011-10-12/cost-of-swapping-euro-payments-to-dollars-drops-to-3-week-low.html)
Bloomberg
The one-year cross-currency basis swap, the rate banks pay to convert euro payments into dollars, fell to 63 basis points below the euro interbank offered rate as of 12:47 pm in London, from 68 yesterday, according to data compiled by Bloomberg. ...

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