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U.S. TIC long term purchases increase in July

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Investing.com - U.S. Treasury International Capital increased for the first time in six months in July, as foreign demand for U.S. assets strenghened, 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 USD31.1 billion in July, compared to net sales of USD67 billion in June.

Analysts had expected Treasury International Capital sales to total USD45.3 billion in July.

The sum total in July of all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows was a monthly net TIC inflow of USD56.7 billion.

Of this, net foreign private inflows were USD59.3 billion, and net foreign official inflows were negative USD2.6 billion.

Foreign residents increased their holdings of long-term U.S. securities in July; net purchases were USD46.7 billion. Net purchases by private foreign investors were USD41.7 billion, and net purchases by foreign official institutions were USD5.0 billion.

At the same time, U.S. residents increased their holdings of long-term foreign securities, with net purchases of USD15.6 billion.

Following the release of the data, the U.S. dollar held on to losses against the euro, with EUR/USD adding 0.15% to trade at 1.3355.

Meanwhile, the outlook for U.S. equity markets remained modestly higher. The Dow Jones Industrial Average futures indicated a gain of 0.1% at the open, S&P 500 futures pointed to a rise of 0.1% and Nasdaq 100 futures indicated an increase of 0.2%.

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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.

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