FOREX- Dollar extends losses after TICs data

NEW YORK, Sept 16 Wed Sep 16, 2009 9:11am EDT

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NEW YORK, Sept 16 (Reuters) - The dollar extended losses on Wednesday after U.S. Treasury data showed a sharp net capital outflow from the United States in July.

The euro rose to $1.4706 after the data from $1.4682 before the data EUR=, up 0.3 percent on the day, and near the session peak of $1.4713. Against the yen JPY=, the dollar was down 0.9 percent at 90.26 yen compared with 90.40 yen before the report.

The net capital outflow from the United States increased to $97.5 billion in July from a revised outflow of $56.8 billion in June, the Treasury Department said on Wednesday in its Treasury International Capital flows (TICS) report.

The department originally reported an outflow of $31.2 billion in June [ID:nWEQ001389]. The U.S. posted a trade deficit of $31.96 billion in July. (Reporting by Nick Olivari; Editing by Theodore d'Afflisio)