Key Eurodollar LIBOR Rates Waned On The Week

The 1-, 3-, 6- and 12-month Eurodollar LIBOR rates all moved lower on the week.

On the day, the 1- and 3-month rates fixed higher, while the 6- and 12-month rates edged lower.


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.