ECONOMIC REPORT:Capital flows to U.S. rise in November
By Corbett B. Daly, CBS MarketWatch
Last Update: 9:32 AM ET Jan. 18, 2005
WASHINGTON (CBS.MW) -- Capital flows into the United States increased in November to their highest level since June, the Treasury Department said Tuesday, spurred by jumps in U.S. stock purchases and foreign central bank purchases of U.S. Treasurys.
Purchases of U.S. financial assets rose across the board. Total net capital inflows rose to $81 billion in November from an upwardly revised $48.3 billion in October.
The dollar improved after the data was released. The euro fell back to $1.3037 from $1.3065 earlier. The dollar rose to 102.57 yen from 102.50 earlier.
Foreign purchases of net domestic securities rose to $99.7 billion in November from $65.4 billion in October.
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