Euro currency market is a part of a larger global market known as Eurodollar market .

The Eurocurrency market deals in deposits and loans in a currency outside its home country, such as dollars in London or yen in Paris. The Eurodollar market, which deals in US dollars held outside the United States, is the largest part of this wider Eurocurrency market. The statement reverses the relation by calling the Eurocurrency market a part of the Eurodollar market, so it is not correct.