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

Published 11/16/2010, 09:07 AM
EUR/USD
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Investing.com – U.S. Treasury International Capital purchases fell more-than-expected in September, official data showed on Tuesday.

In a report, the U.S. Department of the Treasury said that net foreign purchases of long-term securities fell to USD 81.0 billion in September, after rising to USD 128.7 billion in August.

Analysts had expected purchases of long-term securities to decrease to USD 100.3 billion in September.

According to the data, net foreign purchases of long-term U.S. securities were USD 91.4 billion in September, while U.S. residents purchased a net USD 10.4 billion of long-term foreign securities.

Following the release of the data, the U.S. dollar was down against the euro, with EUR/USD gaining 0.15% to hit 1.3608.

Meanwhile, the outlook for U.S. equity markets was downbeat: Dow Jones Industrial Average futures indicated a loss of 0.53%, S&P 500 futures pointed to a drop of 0.54%, while the Nasdaq 100 futures indicated a decrease of 0.69%.


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