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Tuesday, August 20, 2013

The 1-, 3- and 12-Month Eurodollar LIBOR Rates Slipped Lower Today

The 1-, 3- and 12-month Eurodollar LIBOR rates sank lower today, while the 6-month rate was unchanged.
  image courtesy: The Wall Street Journal
Image courtesy: WSJ Online

A Eurodollar is a U.S. dollar deposited in any bank outside the United States.

Click here for historical LIBOR figures.

Click here for a chart comparing LIBOR to the Prime Rate and the target fed funds rate.

Click here to read about how U.S. Dollar LIBOR fixing works.

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