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FOREX-Dollar down vs euro and yen after TICs data

Published 09/16/2009, 09:22 AM
Updated 09/16/2009, 09:24 AM

* U.S. sees bigger overall net capital outflows in July

* Dollar down against the euro and yen

NEW YORK, Sept 16 (Reuters) - The dollar was lower against the euro and yen on Wednesday after U.S. Treasury data showed a sharp increase in net capital outflow from the United States in July.

The net capital outflow from the United States increased to $97.5 billion in July from a revised outflow of $56.8 billion in June, the Treasury Department said in its Treasury International Capital (TICS) flows report. The department originally reported an outflow of $31.2 billion in June. For details, see [ID:nWEQ001389] and [ID:nN1666736].

The United States posted a trade deficit of $31.96 billion in July.

"The headline number certainly paints a bit of a dark picture with regard to overall demand for U.S. assets," said Omer Esiner, a senior market analyst at Travelex Global Business Payments in Washington.

The euro was at $1.4690 , up 0.2 percent on the day, and near the session peak of $1.4713, the 2009 high.

Against the yen , the dollar was down 0.7 percent at 90.34 yen. (Reporting by Nick Olivari and Wanfeng Zhou, Editing by Chizu Nomiyama)

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