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Old 01-24-2008, 04:32 AM
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Re: A quick question on EuroDollar?

Yes - see what Browns wrote.

EuroDOLLAR is an interest rate contract. Eurodollars are US dollars on deposit at banks outside of the United States; the Eurodollar contract prices the rate of interest paid on these deposits (its more complicated than that but thats the gist of it). The name 'Eurodollar' has been in use a long time before the Euro currency was created - Eurodollars have nothing to with the Euro currency at all.

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