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Keywords:
Euroaustralian,
Euroyen,
Eurodeutschemarks,
Investopedia,
Eurocurrencies
A financial market in Europe (principally London) and to a lesser extent, Asia, in which currencies other than the domestic currency are available to deposit or lend. These are termed eurocurrencies. The major currency of denomination is the US dollar (eurodollar), but there are also euroyen, eurodeutschemarks, euroaustralian dollars, etc.
Money and capital markets on which currencies and securities are traded outside their respective countries of origin.
The international capital markets that deal in eurobonds,etc.
The offshore international financial market.
See on: Investopedia The market that includes all of the European Union member countries - many of which use the same currency, the euro. All tariffs between Euromarket member countries have been abolished, and import duties from all non-member countries have been fixed for all of the member countries. The Euromarket also has one central bank for all of the member countries, the European Central Bank (ECB). Also known as "the Common Market".
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