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Investments glossary

Eurocurrency Market

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Quotes of the day:

a good tooth, gets no gold

— Severin Meiland

The eurocurrency market is the money market for currency outside of the country where it is legal tender. The eurocurrency market is utilized by banks, multinational corporations, mutual funds, and hedge funds. They wish to circumvent regulatory requirements, tax laws, and interest rate caps often present in domestic banking, particularly in the United States.

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