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by Scoundreller 2346 days ago
All valid concerns.

It's funny how much was based on LIBOR when it provided zero indication of depth-of-market for the banks feeding it numbers.

1 comments

Yeah. As far as my limited knowledge goes on pricing, I don't believe LIBOR had a direct impact on fx rates. FX forwards and swaps are more impacted by the interest rate on treasury bills. LIBOR & EURIBOR would have an effect on interest rates on money being lent to people doing carry trades for example. But I don't think that it would affect pricing of the underlying trades afaik. Maybe a trader can chime in.