The headline shows an outflow from US securities in April to the tune of $53.2 bln. Treasury inflows were $41.8 bln.
The dollar is paying little attention to the data, trading at 1.3880, where we were ahead of the data. A dip in the Empire State index and word that the IMF may make its bonds tradeable in the markets is undermininng the greenback modestly. That is because they could become a more-viable Treasury alternative if they are liquid.
Offers eye in the 1.3890/1.3900 area, traders report.
