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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (261416)	7/16/2010 11:42:37 AM
From: Les H	Read Replies (1) \| Respond to of 306849

Japan, the second-largest owner, lowered its holdings by $8.8 billion in May to $786.7 billion. The Standard & Poor’s 500 Index in May declined 8.2 percent, the steepest monthly fall since February 2009, while the Dollar Index, a gauge of the U.S. currency’s strength against six other major currencies, rose 5.8 percent during the month. China, the biggest foreign investor in Treasuries, lowered its holdings by $32.5 billion in May to $867.7 billion. In a report to Congress released July 8, the Treasury Department said China’s currency, the yuan, “remains undervalued” after the nation last month ended its peg to the dollar. It also said China took a “significant step” when it began to allow markets to drive the currency higher. businessweek.com