Home » Eurodollars


« Back to Glossary Index

Last Updated on: 1st October 2020, 11:21 am

Eurodollars are U.S. dollars deposited in banks outside the United States. They can’t be found in demand deposits and they can’t be created as the bank’s liabilities by offering loans.

These eurodollar deposits are transferred electronically from a bank located within the United States and are kept abroad in the form of dollars.

In general, “eurocurrencies” are time deposits in banks outside of the countries that have issued these currencies.

Any convertible currency can exist in the “euro” form, which has nothing in common with the currency of the Economic and Monetary Union (“EMU”), the euro.

There is the europound, euroyen, and even euroeruo.

Monetary Policy

Monetary policy refers to the actions taken by a nation’s central bank to influence the availability and cost of money and credit to Read more

Kathy Lien

Kathy Lien is an expert in global currencies, author, and Managing Director of BK Asset Management. For retail FX traders back Read more

European Parliament

The European Parliament is the European Union’s law-making body. It is directly elected by EU voters every 5 years. It is a Read more

Open Position

An active trade that has yet to be closed.

« Back to Glossary Index