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The two nations accounted for nearly all the record $40.8bn of net foreign selling.
A nightmare scenario would occur if real rates increased from foreign selling and simultaneous deflation (negative inflation) in the U.S.
The second point the dollar bulls will point out, and it is a good point, is that if foreign selling of dollar assets are so significant, then why are stocks and bonds doing so well?
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The won had plunged 30% against the greenback this year through Friday, as massive foreign sell-offs in the stock market led to a spike in conversions of won into the dollar (See "Korea Looks After Number Won").
He solicited foreign investment, selling half the country's cigar export monopoly to the Spanish.
Foreign companies selling smartphones and furniture polish say sales are rising in Africa's most populous country.
Would they have cast their clicks if they knew they were supporting foreign criminals selling counterfeit pharmaceuticals to Americans?
"But with regard to the impact on foreign exchange, selling pressure on cross/yen is strong".
As such, bargain hunters can find large capitalization foreign stocks selling at low multiples to estimated earnings.
In the past the U.S. has gone after foreign cartels selling goods here, most notably in last year's assault on vitamin price-fixing.
In the past the U.S. has gone after foreign cartels selling goods here, most notably last year's assault on vitamin price-fixing.
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