LIBOR EUR vs LIBOR USD vs EURIBOR

Maybe this is the wrong board, if so could someone advice me which other forums to use? Posting this question on quantnet seems also odd.

Anyway:
Why is there spread between LIBOR EUR and LIBOR USD? How could I explain this? How could I monetize/trade on this spread? Would carry trades be suitable?
Also why should someone use EURIBOR instead of LIBOR EUR rates?

2 Comments
 

LIBOR EUR doesn't exist anymore, but it covered smaller number of banks. Spread cus those are different currencies and different economies/central bank policies. You can trade the spread with STIR futures. If by carry trade you mean FX fwds, the 1 year rates are essentially the same, so there is no carry. If by carry you mean receiving fixed USD and paying fixed EUR with swaps, you (currently) get 60-100 bps carry on 3-5y maturities (and benefit from roll-down), but not that amazing either.

 
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