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.

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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.

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Eurodollar futures have priced in policy easing by the first quarter of next year.

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

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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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