This afternoon’s investment data from Treasury International Capital (TIC) revealed worse than forecast growth in foreign investment levels for domestic, long-term securities. The TIC Long-Term Purchases report measures the difference between domestic securities purchased by foreign investors and foreign securities purchased by domestic investors.
A positive reading represents a higher level of foreign investment in American securities than vice versa. Today’s expectations were for a positive growth in the TIC report from last month’s $24B to a near-doubling of $45.3B. The actual results came out at $30.6B, suggesting a sluggish period of foreign investment over the past 30 days, despite being better than the previous month’s reading. Impact on the USD is being overshadowed by Greece default concerns and S&P’s recent downgrade of Greek bonds.
Read more forex trading news on our forex blog.
