Excerpt from: Spot Forex
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| July 31, 2008 | | Spread bets and CFDs on interest rates | Right now, the euribor is at highs not seen for more than seven years, just after the US Federal Reserve announced its intention to allow additional firms on Wall Street to take advantage of its emergency loan program.
The euribor is similar to the libor: It's an interbank lending rate. The euribor, though, is denominated in euros. There is also a British libor and an American libor.
| Topic Tags: American libor, British libor, CFDs, emergency loans Wall Street, euribor, Fed loan program, interbank lending rate, libor, libor rate, spread bets, spread bets interest rates | |
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