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China & Japan Dump Treasuries As Dollar's Reserve Status Slumps To 5 Year Lows
Treasury International Capital flows showed Brazil the biggest buyer of Treasurys in August (followed by Ireland and France), but it was China and 'ally' Japan that dumped the most Treasurys in the month... Brazil is Steve Mnuchin's best friend...As China reduced their holdings of US Treasurys for the 3rd straight month...Japan flipped to a seller again in August back to the lowest holdings since October 2011...And while the Saudis were buying in August... the broad trend among other majors has been selling...All of which has driven the USDollar's share of global central bank reserve to its lowest since 2013... And, ... (full story)