Eurodollar chart

Subject: Eurodollar chart Tue May 04, 2010 12:36 am

:Great:

Cool Wink

Subject: Re: Eurodollar chart Tue May 04, 2010 4:14 am

:Rubber Smiley:

But wait-- that's against the US$, right? Isn't that supposed to collapse too?

Subject: Re: Eurodollar chart Tue May 04, 2010 4:23 am

Quote :: The Eurodollar futures contract refers to the financial futures contract based upon these deposits, traded at the Chicago Mercantile Exchange (CME) in Chicago. Eurodollar futures are a way for companies and banks to lock in an interest rate today, for money it intends to borrow or lend in the future.[3] Each CME Eurodollar futures contract has a notional or "face value" of $1,000,000, though the leverage used in futures allows one contract to be traded with a margin of about one thousand dollars.[4] Trading in Eurodollar futures is extensive, and the market for them tends to be very liquid. The prices of Eurodollars are quite responsive to FED Policy, inflation, and economic indicators.

CME Eurodollar futures prices are determined by the market’s forecast of the 3-month USD LIBOR interest rate expected to prevail on the settlement date. The settlement price of a contract is defined to be 100.00 minus the official British Bankers Association fixing of 3-month LIBOR on the contract settlement date. For example, if 3-month LIBOR sets at 5.00% on the contract settlement date, the contract settles at a price of 95.00.[5]

Subject: Re: Eurodollar chart Tue May 04, 2010 4:36 am

Oops, I had it confused with the Euro.

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