Wednesday, September 16, 2009

TIC Outflow Data Is Terrible For The US Dollar

Following on the topic of currencies, the Treasury Dept. has just announced the TIC outflow for July, and they are terrible (as in terrible for the USD).

U.S. Treasury data showed a sharp net capital outflow from the United States in July. The net capital outflow from the U.S. increased to $97.5 billion in July from a revised outflow of $56.8 billion in June (TICS Report) report.

Also, June data had originally reported an outflow of $31.2 billion.

This means money is not coming into the U.S, likely seen as too risky by foreign investors. BNN reported that these moves are not by major central banks, but by smaller institutions or individuals.


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