the currency of any country held on deposit in Europe outside its home market: used as a source of short- or medium-term finance, esp in international trade, because of easy convertibility
b.
(as modifier)
the eurocurrency market
Eurocurrency in American English
(ˈjʊroʊˌkɜrənsi)
nounWord forms: pluralˈEuroˌcurrencies
deposits denominated in the currency of, but held in banks outside of, their country of origin, esp. in Europe