There were huge net capital inflows into the US in October as $286.3 bln overall flowed in. The most closely watched component, net long-term flows excluding swaps rose a meager $1.5 bln, down from $40 bln in September. My guess is the large inflows were floods of US money being pulled from foreign markets amid the market nightmare that was the month of October. We’ll have to wait for the economists to chew it over before passing judgment as this is one of the more arcane data-series the market mulls each month. ‘
EUR/US reached 1.3570 in the wake of the data.
