Investing.com - U.S. Treasury International Capital declined in August, as foreign demand for U.S. assets weakened, official data showed on Tuesday.
In a report, the U.S. Department of the Treasury said that net foreign sales of long-term securities totaled USD8.9 billion in August, compared to net purchases of USD31 billion in July.
Analysts had expected Treasury International Capital purchases to total USD30.9 billion in August.
The sum total in August of all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows was a monthly net TIC outflow of negative USD2.9 billion.
Of this, net foreign private outflows were negative USD15.1 billion, and net foreign official inflows were USD12.1 billion.
Foreign residents decreased their holdings of long-term U.S. securities in August; net sales were USD8.5 billion. Net sales by private foreign investors were USD3.7 billion, and net sales by foreign official institutions were USD4.8 billion.
At the same time, U.S. residents increased their holdings of long-term foreign securities, with net purchases of USD0.4 billion.
Following the release of the data, the U.S. dollar held on to losses against the euro, with EUR/USD adding 0.38% to trade at 1.3732.
Meanwhile, the outlook for U.S. equity markets remained higher. The Dow Jones Industrial Average futures indicated a gain of 0.35% at the open, S&P 500 futures pointed to a rise of 0.35% and Nasdaq 100 futures indicated an increase of 0.4%.
In a report, the U.S. Department of the Treasury said that net foreign sales of long-term securities totaled USD8.9 billion in August, compared to net purchases of USD31 billion in July.
Analysts had expected Treasury International Capital purchases to total USD30.9 billion in August.
The sum total in August of all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows was a monthly net TIC outflow of negative USD2.9 billion.
Of this, net foreign private outflows were negative USD15.1 billion, and net foreign official inflows were USD12.1 billion.
Foreign residents decreased their holdings of long-term U.S. securities in August; net sales were USD8.5 billion. Net sales by private foreign investors were USD3.7 billion, and net sales by foreign official institutions were USD4.8 billion.
At the same time, U.S. residents increased their holdings of long-term foreign securities, with net purchases of USD0.4 billion.
Following the release of the data, the U.S. dollar held on to losses against the euro, with EUR/USD adding 0.38% to trade at 1.3732.
Meanwhile, the outlook for U.S. equity markets remained higher. The Dow Jones Industrial Average futures indicated a gain of 0.35% at the open, S&P 500 futures pointed to a rise of 0.35% and Nasdaq 100 futures indicated an increase of 0.4%.