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 … [Read more...] about Libor Grows Further to Hit 23-Month High of 1.006%
Life as an investor in money markets revolves around certain data points that help you to make sense of the future. After all, currency trading is all about making predictions about a given currency pair's exchange rate. Federal funds rate and the London interbank offered rate (LIBOR) are very important data points that influence the foreign exchange's direction (forex) … [Read more...] about How Does LIBOR Differ from the Federal Funds Rate?