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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 MatchesEurocurrency depositEurocurrency 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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