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March 15, 2012

Swapping Euros For Dollars Expensive Despite ECB Loans

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European banks are still paying a premium to exchange euros for dollars, a sign that the European Central Bank's second round of cheap loans isn't having as big an impact as the first. A three-month "swap," where a firm loans euros and borrows dollars, was minus 58 basis points Thursday. That's t... FF News: Fundamental

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