Yen Libor dips below dollar first time since August

Posted by 7Star Friday, March 5, 2010

The interbank cost of borrowing three-month dollar funds edged higher on Thursday while for yen funds it fell, taking the Japanese currency rate below that of the greenback for the first time since August. In Europe, European Central Bank President Jean-Claude Trichet outlined the first steps to stemming ample liquidity provisions the bank has made since late 2008.

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