Eurodollar

American  

[yoor-uh-dol-er, yur-] / ˈyʊər əˌdɒl ər, ˈyɜr- /

noun

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

---

eurodollar British  

/ ˈjʊərəʊˌdɒlə /

noun

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

---

Etymology

Origin of Eurodollar

First recorded in 1955–60; Euro- + dollar

Example Sentences

For most of this year, the Eurodollar market indicated a terminal rate closer to 2%.

From Reuters • Mar. 14, 2022

Speculators also piled bullish bets in Eurodollar futures two days before the Fed decided against raising interest rates which San Francisco Fed President John Williams told Fox News on Sunday was a "close call."

From Reuters • Sep. 22, 2015

It does that by comparing Libor with a very similar interest rate, called the Eurodollar deposit rate.

From New York Times • Dec. 20, 2012

So investors may want to purchase two-year Treasury notes, which yielded 0.74 percent on Feb. 4 compared with 0.54 percent Jan. 28, or buy Eurodollar contracts that expire within the year, he said.

From BusinessWeek • Feb. 7, 2011

In recent years, London, The heart of the large Eurodollar market, has jumped ahead of New York City in many foreign banking operations.

From Time Magazine Archive