Shutterstock photo
Markets

US Investment and Manufacturing in Steep Decline

Shutterstock photo

Shutterstock photo

The balance between foreign investment in American assets and American investment in foreign assets was seen to be approaching parity in July according to the publication of the TIC Long-Term Purchases report this afternoon. Additionally, New York's manufacturing index revealed sudden and sharp contraction throughout the previous month.

These two reports in tandem paint a dire picture for an American economy recently struck by a ratings downgrade from Standard & Poor's. The inability to attract foreign investment will likely result in sharp downturns in the value of the US dollar ( USD ) this week as speculators price in reduced currency demand. Sluggish manufacturing growth will also begin to gouge currency values as limited growth pulls down on the appeal of US assets.

Read more forex trading news on our forex blog .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

USD

Other Topics

ForEx