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U.S. TIC long term purchases rose more-than-expected in June

Published 08/16/2010, 09:12 AM
EUR/USD
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Investing.com – U.S. Treasury International Capital purchases rose more than expected in June, official data showed on Monday.

In a report, the U.S. Department of the Treasury said that net foreign purchases of long-term securities were USD 44.4 billion in June, after falling to USD 35.3 billion in May, whose figure was revised from USD 35.4 billion.

Economists had expected purchases of long-term securities to increase to USD 36.3 billion in June.

Following the release of the data, the U.S. dollar was down against the euro, with EUR/USD gaining 0.90% to hit 1.2869.


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