China is no longer the biggest foreign holder of U.S. debt (news: 16/12/16)

Posted On 16 Dec 2016

Today’s Press

Dollar Hits Speed Bump in Fed-Driven Rally; Bonds Stem Declines

The greenback fell against the euro after touching the highest since 2003 on Thursday while stocks rose. Treasuries stemmed six days of declines underpinned by the Fed’s more hawkish outlook for interest-rate increases next year. Gold trimmed its sixth weekly drop, and copper fell.

China is no longer the biggest foreign holder of U.S. debt

China’s huge holdings of U.S. debt fell to $1.12 trillion at the end of October, their lowest level in more than six years, according to U.S. Treasury Department data. Japan held $1.13 trillion.

Iraq boosts oil sales to China, U.S., India before OPEC supply cuts bite: sources

Iraq is selling more crude oil to its biggest customer, China’s Unipec, people familiar with the matter say, digging a deeper foothold in the global supply market just before production cuts agreed with OPEC and other producers are scheduled to kick in.

Next trading day’s important events

06:00 (GMT+3) BoJ interest rate decision

Forex Quotes:

USDJPY: 118.19

EURUSD: 1.0436

Indices:

S&P 500: 2,262.03

NASDAQ : 5,456.86

Source:: China is no longer the biggest foreign holder of U.S. debt (news: 16/12/16)

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