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Eurocurrency market

The financial definition for Eurocurrency market:

The money market for borrowing and lending currencies that are held in the form of deposits in banks located outside the countries where the currencies are issued as legal tender.




Similar Matches

Eurocurrency deposit

Eurocurrency deposit
A short-term fixed-rate time deposit denominated in a currency other than the local currency (i.e., US dollars deposited in a London bank).




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