© Reuters. FILE PHOTO: A U.S. one dollar banknote is seen in front of displayed stock graph in this illustration taken May 7, 2021. REUTERS/Dado Ruvic/Illustration

LONDON (Reuters) – Borrowing costs for U.S. dollars in currency derivatives markets rose to their highest levels in nearly a year on Monday.

Three-month cross-currency swaps for euro-dollar fell to their lowest levels since December 2020, according to Refinitiv data, suggesting greater demand for the greenback/

While some of the this is likely to the typical year-end rush for dollars to meet funding needs, one trader said the euro’s decline over the past few days may also be a driver.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

By admin

Leave a Reply

Your email address will not be published. Required fields are marked *