• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Best Managed Accounts
  • Forex Robots
  • Forex Brokers
  • Forex Signals
  • Social Trading Platforms

Forex Traders Guide

The Ultimate Forex Knowledge Base

  • Robots
  • Start Guide
  • Glossary
  • Basics
    • Currency Pairs
    • Charts
    • Candlesticks
    • Trading Tips
  • Strategies
    • Technical Analysis
    • Fundamental Analysis
    • Day Trading
    • Scalping
    • Swing Trading
    • Trend Following
  • News
  • Reviews
    • Forex Robots
    • Forex Brokers
  • Mustreads
  • Crypto Trading

Libor Grows Further to Hit 23-Month High of 1.006%

March 29, 2022 by Forex Winner Leave a Comment

London Interbank

Source: Bloomberg

The London Interbank Offered Rate for the greenback grew for the third straight session to breach 1% for the first time in nearly two years. DXY is down 0.82%.

  • The Libor rate rose by roughly one basis point to 1.006%, hitting its highest level in 23 months since April 2020.
  • The rate has already grown by some 50 basis points so far this month, as traders widely anticipate the Federal Reserve to maintain a more hawkish stance.
  • The two-year US Treasury yields have also increased by 100 basis points in the month, reaching the highest level in over three years.
  • The Fed hiked rates earlier in March for the first time in four years, hinting at more hikes in all the remaining meetings for the year.
  • Commercial paper costs also surged to the highest since the COVID-19 pandemic, with financial firms scrambling to boost their cash holdings.

Best Forex Robots ›

Compare leading trading systems on the market

Filed Under: Forex News Tagged With: LIBOR, UK

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Best Forex Robots

  1. Techberry 8.7
  2. Happy Forex 8.0
  3. Forex Fury 7.7
  4. Promax Gold EA 6.8
  5. Gump EA 6.4

Best Forex Brokers

  1. Techberry 8.7
  2. XM 8.2
  3. eToro 8.1
  4. Pepperstone 8.1
  5. IG 8.0

Latest News

How to Predict Forex Movement?

November 30, 2022

The Red Dog Reversal: A Strategy for Day or Swing Trading

November 9, 2022

Tron DAO to Pull Out Additional 3 Billion TRX

Tron DAO to Pull Out Additional 3 Billion TRX

June 16, 2022

Footer

Forex Broker Reviews

Pepperstone

Pepperstone Review

May 19, 2020 By Forex Winner

lqdfx

LQDFX Review

November 20, 2019 By Forex Winner

Trader's Way

Trader’s Way Review

September 22, 2019 By Forex Winner

Forex Robot Reviews

Profit Lab EA Review

Profit Lab EA Review

June 28, 2022 By Forex Winner

GoodMorning EA

GoodMorning EA Review

June 23, 2022 By Forex Winner

FxHT Daily Trend EA Review

FxHT Daily Trend EA Review

June 22, 2022 By Forex Winner

EMAIL NEWSLETTER

Sign up to receive exclusive forex trading guides and insights from our team of experts!

Copyright © 2023 · Forex Traders Guide · About Us · Contact Us
Privacy Policy · Risk Disclosure