Reply #30: Net foreign acquisition of long-term US Secs $ 58.0B

[54anickel]

http://www.fxstreet.com/news/forex-news/article.aspx?StoryId=535ad8a1-c9bd-4bfb-a91e-f11b56516d2c

FXstreet.com (Barcelona) – Net foreign acquisition of long-maturity US Securities dropped in November to $58.0B from $74.9 billion in November, according to data by the US Treasury Department.

The Treasury Department emphasized cross-border acquisition of securities with maturities of more than a year, including non market flows such as stock swaps and principal repayment on asset-backed securities.

Excluding those non-market flows, net buying of U.S. would have decreased to $64.8 Billion, from $85.3 billion in October. The monthly net TIC flows including non-market flows, short- term securities and changes in banks’ dollars holdings, amounted a total of $74,9 billion, from $60,4 Billion in October

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http://www.euro2day.gr/articlesfna/27252572/
US Nov net long-term portfolio inflows slow to 68.4 bln usd UPDATE

LONDON (AFX) - Net long-term portfolio flows into the US slowed to 68.4 bln usd in November from 85.3 bln the previous month, the US Treasury reported.
Net foreign purchases of long-term US securities were 107.4 bln usd while US residents purchased a net 39.1 bln usd in long-term foreign securities.
Meanwhile, net monthly portfolio flows rose to 74.9 bln usd from 60.4 bln stg the previous month.
Within the 74.9 bln usd figure, 65.8 bln were net foreign private flows while 9.1 bln usd were net foreign official flows.
"Foreign purchases of US securities remained very strong in November. However, US purchases of foreign securities are starting to pick up," said Jay Bryson at Wachovia.
"Looking forward, narrowing interest rate differentials should reduce the relative attractiveness of US assets, putting downward pressure on the dollar," he added.



http://www.marketwatch.com/news/story/dollar-dips-ahead-feds-beige/story.aspx?guid=%7B5E3C877B-F41E-40F9-9954-794DF947DDCA%7D
Dollar dips ahead of Fed's Beige Book

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Earlier, the U.S. currency briefly gained after a government report showed prices paid by U.S. producers rose more than forecast last month. It held its gains after a separate report showed foreign purchases of U.S. assets in November were more than sufficient to cover the trade deficit of the month. See full story.

"U.S. data today are largely second tier" and "could be overshadowed by the Fed's Beige Book and comments from Fed speakers," said Matthew Strauss, senior currency strategist at RBC Capital Markets. "Tomorrow's December figures will also loom heavily on the market."

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Meanwhile, the yen remained in focus, falling to a fresh 13-month low against the dollar before recovering, on growing uncertainties over whether the Bank of Japan will lift its key interest rates Thursday.

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Separately, the Treasury Department said monthly capital flows rose to $74.9 billion in November, compared with $60.4 billion in October. The capital inflows were sufficient to cover the trade gap for the month, which narrowed by 1% to $58.2 billion. See full story.

Elsewhere, the Federal Reserve said U.S. industrial production rose by an overall 0.4% in December, as the high-technology and motor-vehicle industries posted strong output for the month, the Federal Reserve said on Wednesday. Output in November was revised to drop by 0.1%, down from the initial estimate of a 0.2% gain. The increase was greater than expected.

At 2 p.m., the Federal Reserve will release its Beige Book on regional economic conditions. Fed Gov. Frederic Mishkin is slated to speak at 1 p.m. in New York. San Francisco Federal Reserve Bank President Janet Yellen and St. Louis Fed President William Poole are also due to speak Wednesday.

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