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U.S. TIC long term purchases rise more-than-expected

Published 11/16/2011, 09:06 AM
EUR/USD
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Investing.com – U.S. Treasury International Capital purchases rose more-than-expected in September, official data showed on Wednesday.

In a report, the U.S. Department of the Treasury said that net foreign purchases of long-term securities totaled USD68.6 billion in September, above expectations of USD63.4 billion.

The previous month’s figure was revised up to USD58.0 billion from a previously reported USD57.9 billion.

Net purchases of Treasuries by private foreign investors were USD84.5 billion in September, the highest amount since August 2010.

Following the release of the data, the U.S. dollar held on to gains against the euro, with EUR/USD shedding 0.45% to trade at 1.3479.

Meanwhile, U.S. stock index futures remained lower following the data. The Dow Jones Industrial Average futures indicated a drop of 0.95%, S&P 500 futures fell 1.05%, while the Nasdaq 100 futures declined 0.75%.  


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