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Overnight Interest Rate Update 11.14.08

Friday, 14 November 2008 11:06:42 GMT

Written by DailyFX Research
  Current   Yesterday
USD 0.41250   0.40000
GBP 3.00000   3.00000
EUR 3.05125   3.07875
JPY 0.53750   0.54375
CHF 0.96667   0.98333
AUD 5.75000   5.90000
CAD 2.46667   2.55833
NZD 6.47500   6.38750

3-month dollar Libor continues to edge higher while Sterling Libor continued to ease. The 3-month dollar Libor was fixed at 2.236%, versus 2.149% yesterday but the spread over OIS widened to 169 from 163 Thursday. Overnight dollar Libor rose 1 bp from yesterday, to 0.413%. Meanwhile, the Sterling 3-month Libor was fixed at 4.176%, still 118 bp above the BoE repo rate but down from 4.203% Thursday, as U.K. interbank lending conditions continue to improve.

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