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Borrowing costs in U.S. dollars via FX swaps at near 1-year highs -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO: A U.S. one greenback banknote is seen in entrance of displayed inventory graph on this illustration taken Might 7, 2021. REUTERS/Dado Ruvic/Illustration

LONDON (Reuters) – Borrowing prices for U.S. {dollars} in forex derivatives markets rose to their highest ranges in practically a 12 months on Monday.

Three-month cross-currency swaps for euro-dollar fell to their lowest ranges since December 2020, in line with Refinitiv knowledge, suggesting larger demand for the buck/

Whereas among the that is prone to the everyday year-end rush for {dollars} to fulfill funding wants, one dealer mentioned the euro’s decline over the previous few days might also be a driver.

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