Monday December 17, 2007 - 22:13:57 GMT
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FX Solutions - www.fxsol.com
Foreign Investors Return to the United States
Foreign investment in the US economy rebounded strongly in October with net long term securities purchases at $114.00 billion in the Treasury International Capital Report (TIC) from the Treasury Department. Private parties bought $96.2 billion and official sources amassed $21.8 billion; US sources purchased only 4.1 billion in foreign securities. This report allayed fears that foreigners would be deterred from investing in the US by the fear of an ever weakening dollar. It seems rather that the weak dollar has been seen as an opportunity for good value in US assets. With the purchase volume at more than 4 to 1 by private entities, individuals, companies and organizations, the flow was not a result of foreign central banks using their reserves to support the dollar and the US economy. The US is still a favored investment destination for much of the worldâ€™s spare capital. The dollar reached several record lows against the euro in October; it fell further in November. The strong investment performance of the US economy should continue through year end. The October inflow was almost twice what was required to fund the last monthly current account deficit, (October -$57.8 billion).
Chief Market Analyst
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