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View Full Version : Cost of Swapping Euro Payments to Dollars Falls for Third Day - Bloomberg



NewsWhore
10-14-2011, 05:20 AM
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Cost of Swapping Euro Payments to Dollars Falls for Third Day (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNG_EfTs-pDsmda0rUzRw5zz1A7vew&url=http://www.bloomberg.com/news/2011-10-14/cost-of-swapping-euro-payments-to-dollars-falls-for-third-day.html)
Bloomberg
The three-month cross-currency basis swap, the rate banks pay to convert euro payments into dollars, fell to 88.5 basis points below the euro interbank offered rate as of 8:50 am in London, from 91 yesterday, according to data compiled by Bloomberg. ...

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