Dollar little changed after US capital inflow data

NEW YORK - The dollar was largely unchanged on Tuesday after a US Treasury report showed net capital inflows rose in May, enough to cover the trade deficit in the same month.

By (Reuters)

  • Follow us on
  • google-news
  • whatsapp
  • telegram

Published: Tue 17 Jul 2007, 8:32 PM

Last updated: Sat 4 Apr 2015, 10:21 PM

The euro was little changed at $1.3778, from $1.3787 before the report. The dollar was up 0.35 percent at 122.34 yen, from 122.12 before the release.

Net overall capital inflows into the US rose to $105.9 billion in May, with corporate bond and equities purchases driving long-term monthly investments to a record high, the Treasury department said.

“It is a very large number,” said Camilla Sutton, currency strategist with Scotia Capital in Toronto. “It’s a very volatile series and what is interesting is the underlying, the private has moved aggressively higher and official buying came in negative and that is the first time we have seen a negative print in some time. It’s probably a net neutral for the dollar.

More news from