Troubled History For Depending On The Fed To Save The ‘Dollar’

By |2015-09-02T18:35:03-04:00September 2nd, 2015|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

The relevant part about eurodollars these days is that the term itself is a misnomer, or at the very least not a comprehensive description. “Eurodollar” itself is not necessarily a dollar (or even “dollar”) that originates from Europe, though it has been European banks that have formed the backbone participation for decades. The word is shorthand for any “dollar” that [...]