There is a futures spread trade opportunity in the Euro Dollar market! Get full trade details and learn about seasonal tendencies to watch out for from Don DeBartolo in the Trade Spotlight.
Ever since World War II, the amount of U.S. Dollars abroad sharply increased. This meant that foreign banks had U.S. Dollars in their custody and their jurisdiction. Today, the Eurodollar is similarly not under the jurisdiction of the Federal Reserve because it is a U.S. Dollar time deposit held in foreign banks.