Investing.com – U.S. Treasury International Capital purchases rose significantly more-than-expected in November, official data showed on Tuesday.
In a report, the U.S. Department of the Treasury said that net foreign purchases of long-term securities soared to USD85.1 billion in November, after falling to USD28.9 billion in October, whose figure was revised up from USD 27.6 billion.
Analysts had expected purchases of long-term securities to increase to USD46.7 billion in November.
Following the release of the data, the U.S. dollar was down against the euro, with EUR/USD rising 0.74% to hit 1.3392.
Meanwhile, the outlook for U.S. equity markets was upbeat: Dow Jones Industrial Average futures indicated a rise of 0.23%, S&P 500 futures pointed to a gain of 0.17%, while the Nasdaq 100 futures indicated an increase of 0.41%.
In a report, the U.S. Department of the Treasury said that net foreign purchases of long-term securities soared to USD85.1 billion in November, after falling to USD28.9 billion in October, whose figure was revised up from USD 27.6 billion.
Analysts had expected purchases of long-term securities to increase to USD46.7 billion in November.
Following the release of the data, the U.S. dollar was down against the euro, with EUR/USD rising 0.74% to hit 1.3392.
Meanwhile, the outlook for U.S. equity markets was upbeat: Dow Jones Industrial Average futures indicated a rise of 0.23%, S&P 500 futures pointed to a gain of 0.17%, while the Nasdaq 100 futures indicated an increase of 0.41%.