On Thursday (May 21), at the close of trading in New York, the ICE U.S. Dollar Index rose by 0.15% to 99.241 points, with an intraday trading range of 99.064-99.515 points. The overall trend continued upwards, with a series of V-shaped movements observed at 15:25-18:40 and at 01:04 (GMT+8).
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Overseas capital is aggressively buying US stocks! Net inflows reached $942 billions over the past 12 months, marking a record since 1985.
According to data from the US Department of the Treasury, in the 12 months ending July this year, overseas investors made net purchases of US stocks totaling $942 billion, marking the highest rolling 12-month total since records began in 1985. The net purchases in the second quarter alone reached $426 billion, setting a new single-quarter record. Meanwhile, overseas demand for US Treasuries has noticeably cooled, with purchase volumes falling significantly. As a result, the US is facing higher costs in government debt financing.
