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Eurodollar
[ yoor-uh-dol-er, yur- ]
eurodollar
/ ˈjʊərəʊˌdɒlə /
noun
- sometimes capital a US dollar as part of a European holding See eurocurrency
Word History and Origins
Origin of Eurodollar1
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.
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.
Eurodollar futures have priced in policy easing by the first quarter of next year.
For most of this year, the Eurodollar market indicated a terminal rate closer to 2%.
Relatively large exposures based on Libor remain, however, in the Eurodollar space, for short-term contracts used to speculate or hedge against interest rate moves.
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