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Euro/Dollar Swap Rate at Worst since 2008

Fri 12 Aug 11 | 04:40 PM ET
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Euro/Dollar Swap Rate at Worst since 2008

Fri 12 Aug 11 | 04:40 PM ET
The Euro/Dollar 3 month basis swap saw its biggest decline since the 2008 financial crisis the last week, Yannick Naud, portfolio manager, Glendevon King Asset Management. He added European banks were still finding it hard to raise capital.
 
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