U.S. TIC long term purchases rise less than expected in January

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Investing.com - U.S. Treasury International Capital rose less than expected in January, amid weakening foreign demand for U.S. assets, official data showed on Tuesday.

In a report, the U.S. Department of the Treasury said that net foreign purchases of long-term securities totaled $7.3 billion in January, compared to net sales of $45.9 billion in December.

Analysts had expected Treasury International Capital purchases to total $23.4 billion in January.

Following the release of the data, the U.S. dollar held on to gains against the euro, with EUR/USD shedding 0.11% to trade at 1.3907.

Meanwhile, U.S. stock index futures pointed to a higher open. The Dow Jones Industrial Average futures pointed to a gain of 0.25%, S&P 500 futures indicated a rise of 0.3%, while the Nasdaq 100 futures signaled an increase of 0.2%.

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This article appears in: Investing , Forex and Currencies

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