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This Month in 3-month Eurodollars Futures Market This Month in Futures Markets reports will not be released on an ongoing basis effective January 2013. Information pertaining to the positions held by traders in futures markets is released on a weekly basis in the Commitments of Traders reports, which can be accessed at http://www.cftc.gov/MarketReports/CommitmentsOfTraders/Index.htm . Submit comments on This Month in Futures Markets to marketreports@cftc.gov . Commercials and Non-commercials Positions in 3-month Eurodollars Futures
The United States has the highest GDP in the world by far (over $13 trillion), and has experienced steady economic growth over the years. In today's era of globalization, U.S. investors and corporations continue to have great influence in the world's economy. The U.S. dollar is by far the most widely traded currency in the world. It is often the "vehicle currency" in many currency transactions (meaning two currencies are traded against the U.S. dollar rather than directly against each other, a common market practice). Because of the U.S. influence on the global economy, any changes in U.S. economic status or the value of U.S. dollar are closely monitored by market participants across the globe. <p style="text-align:right;color:#A8A8A8"></p>
The United Kingdom (U.K.) is the third-largest economy in Europe and its gross domestic product (GDP), at over $2.6 trillion USD, is the seventh largest in the world. Services (especially financial services) by themselves account for a large percentage of the U.K. GDP. Among the various financial centers around the world, the largest amount of foreign exchange trading takes place in the United Kingdom’s London Exchange, even though the pound sterling (GBP) is less widely traded in the market than several other currencies. <p style="text-align:right;color:#A8A8A8"></p>
The European Union (EU) ranks close to the United States as one of the largest economies in the world. Germany, the United Kingdom, France, Italy and Spain are the five prominent EU countries with the largest national economies. The EU was originally formed as a regional economic agreement among six countries: Germany, Luxembourg, France, Belgium, Italy and Netherlands. Over time, the EU has evolved to include 27 member states with more tightly integrated economies due to various initiatives to co-ordinate activities between member states.