Euro Currency Markets

What are the Euro Currency Markets and how is it used in global financing operations and describe its importance in manageing risks?

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.... An example of Euro currency market will be a Chinese company borrowing U.S. dollars from a bank in Germany.

Source: http://www.investopedia.com/terms/e/eurocurrencymarket.asp

Eurocurrency markets are extensively used for foreign exchange hedging purposes as the banks seek to balance out their foreign assets and liabilities. The ...