Eurodollar Forward Rate Agreement (FRA) Futures

[chinook]

http://www.cme.com/files/CHAdv-0442.pdf

What is the purpose of this contract, is it competing directly with EURUSD FX?

Thanks,

Chinook

 

[Mike Brown]

eurodollar is completely different from euro/usd.

 

[bebe]

The eurodollar is NOT a currency product - rather an interest rate product.

 

[chinook]

Thanks for your comments.

Chinook