NGAPORE, Oct 9 (Reuters) – The cost of overnight dollar funding rose as high as 7 percent in Asia on Thursday, reflecting persistent fears in credit markets even after coordinated interest rate cuts by major central banks around the world.
Overnight dollar funds were quoted at 5.5-7 percent in Singapore and around 6.5 percent [...]
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Dollar rates rise in Asia despite global rate cuts
Posted in dollar rates, global rate on October 9, 2008 | Leave a Comment »
