China's holdings of US treasuries fell to 4-month low in November
China’s holdings of US Treasuries fell to $1.176 trillion in November, its lowest in four months. The world's largest holder of US treasuries had added $1.189 trillion in October, showed the Treasury's latest capital flows data.
Also, Japan, the second largest holder of US Treasuries, also cut its holdings by 9.9 billion dollars to 1.0841 trillion dollars.
The drop in the treasury holds supports the notion that foreign central banks are looking to cut back their dollar exposure.
However. China's State Administration of Foreign Exchange (SAFE), recently dismissed reports that China was considering slowing down or even halting its purchase of U.S. securities.
Author
Omkar Godbole
FXStreet Contributor
Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.
