Eurodollar

[ yoor-uh-dol-er, yur- ]

noun

1. a U.S. dollar deposited in or credited to a European bank.

eurodollar

/ ˈjʊərəʊˌdɒlə /

noun

1. sometimes capital a US dollar as part of a European holding See eurocurrency

Word History and Origins

Origin of Eurodollar¹

First recorded in 1955–60; Euro- + dollar

Example Sentences

Eurodollar futures, which tracked short-term funding rate expectations over several years, was one of the most heavily-traded assets in the world.

From Reuters

The April, May and June 2023 eurodollar futures and options will still be available to trade until their contract's expiration.

From Reuters

Eurodollar futures have priced in at least one rate cut between March and December 2023 , with the spread between the two contracts at roughly -44 bps on Monday.

From Reuters

The peak fed funds rate is seen at 3.9% in March, eurodollar futures showed.

From Reuters

The first step in the formation of “Butler Britain,” as Bullough infelicitously puts it, was the creation of the eurodollar, an artificial currency devised by bankers in London that allowed them to trade in dollars within Britain, without being subject to American regulations on currency.

From Washington Post