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Overnight Interest Rate Update 11.17.08

Monday, 17 November 2008 11:04:31 GMT

Written by DailyFX Research
  Current   Yesterday
USD 0.40000   0.41250
GBP 3.00000   3.00000
EUR 3.00625   3.05125
JPY 0.52000   0.53750
CHF 0.99167   0.96667
AUD 5.81250   5.75000
CAD 2.50000   2.46667
NZD 6.62500   6.47500

3-month dollar Libor is largely stable while Sterling Libor continued to ease. The 3-month dollar Libor was fixed at 2.239%, versus 2.236% Friday but the spread over OIS widened to 175 from 169 Friday. Meanwhile, the Sterling 3-month Libor was fixed at 4.149%, still 115 bp above the BoE repo rate but down from 4.176% Friday, as U.K. interbank lending conditions continue to improve.

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