Foreign investment in the United States remained solid for the second straight month in May, the Treasury International Capital (TIC) data from the U.S. Treasury Department showed on Thursday.
The total of all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows was a monthly net TIC inflow of $115.0 billion in May, up from $107.9 billion in the previous month. March saw an outflow of $126.2 billion.
Net long-term securities transactions jumped to $93 billion from $54.4 billion, while deficit in other acquisitions of long-term securities widened to $16.5 billion from $15.7 billion.
Net foreign purchases of long-term securities grew to $76.5 billion in May from $38.7 billion in the previous month.
Purchases of U.S. securities and other custody liabilities rebounded to $1.8 billion from a sale of $2.1 billion in the previous month. However, change in banks’ own net dollar-denominated liabilities fell to $36.7 billion from $71.3 billion.
The material has been provided by InstaForex Company – www.instaforex.com