An analysis by the Wall Street Journal of the daily rate estimates submitted by banks that are used to calculate Libor shows the daily submissions are often slow to change and some banks’ quotes don’t correlate that well with their credit-default swaps, both indications the rate may not be working as it is supposed to.
First, the London interbank offered rate (commonly known as Libor) is going up. And second, the dollar’s been going down. Until mid-October, the…
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Follow these 4 steps to help protect profit and avoid currency related losses while doing business across borders.
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