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Eurodollar

   Also found in: Dictionary/thesaurus, Financial, Wikipedia 0.01 sec.

Eurodollar

U.S. dollar that has been deposited outside the U.S., especially in Europe. Foreign banks holding Eurodollars are obligated to pay in U.S. dollars when the deposits are withdrawn. Most Eurodollars are used to finance trade, but many central banks also operate in the Eurodollar market. See also currency, foreign exchange.
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Eurodollar futures provide a measure of expected monetary policy over a longer time horizon--out several years.
Monetary policy by Economic Trends
Favorite Deal: "Issuing several eurodollar bonds during the mid-1980s, when allin costs obtained were significantly below U.
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It includes examination of support, resistance and momentum for such financial instruments as Dow Jones Industrial Average, NASDQ Composite, 10-Year Yield, Eurodollar interest rates, Nymex crude, and Euro and Japanese Yen interest rates.
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