Closely Watched US Dollar (Eurodollar) LIBOR Rates Eased On The Week

The 1-, 3-, 6- and 12-month US dollar (Eurodollar) LIBOR rates all waned on the week.

On the day, the 1- and 6-month rates rose, while the 1-year rate fixed lower.  The 3-month rate was static.


Image courtesy: WSJ Online

A Eurodollar is a US 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.