Either-way market

Definition:

In the interbank Eurodollar deposit market, an either-way market is one in which the bid and offered rates are identical.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

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Managed float

Also known as "dirty" float, this is a system of floating exchange rates with central bank intervention to reduce currency fluctuations.

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