Resolved Question
How does the libor affect the foreign exchange market?
ive been wondering if the LIBOR actually influence the forex market
about 1 year ago
Best Answer - Chosen by Asker
Libor affects the foreign exchange market because it has an effect on the economy as a whole. Libor is basically the interest rate at which banks can borrow cash from each other. If libor is low, it means that banks can borrow more, which means that they can give out more loans for credit. More credit normally helps boost the economy, as it helps spurs economic activity. As economic activity picks up (gdp! ), it is normally bullish for the domestic economy. Of course, nothing is set in stone, so you have to take into consideration what is happening in the general economy.
about 1 year ago
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