Investing.com - U.S. Treasury International Capital purchases rose less than expected in May, amid weakening foreign demand for U.S. assets, official data showed on Wednesday.
In a report, the U.S. Department of the Treasury said that net foreign purchases of long-term securities totaled $19.4 billion in May, compared to net sales of $41.2 billion in April.
Analysts had expected Treasury International Capital purchases to total $27.4 billion in May.
Following the release of the data, the U.S. dollar held to gains against the euro, with EUR/USD shedding 0.28% to trade at 1.3530.
Meanwhile, the outlook for U.S. equity markets was higher. The Dow pointed to a gain of 0.35%, the S&P 500 indicated a rise of 0.45%, while the Nasdaq signaled an increase of 0.8%.
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