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Floating interest rates. LIBOR, Eurodollar.

Category: Intermarket analysis | 22 Aug 2011 | No comments »

Eurodollar – US dollar which is deposited outside USA. The most of the eurodollar are held in London branches of the biggest worldwide known banks. These dollars are the base for USD loans accommodated  by the European commercial banks and per se show 3 month interbank offered interest rate or so called 3M LIBOR. (more…)

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