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Net overall capital inflows $60.9 billion in December


    NEW YORK (Reuters) - Net overall capital inflows into the United States rose to $60.9 billion in December from an inflow of $30.7 billion the prior month, but foreigners cut purchases of long-term securities, the Treasury said on Tuesday.

    The overall net inflow was enough to cover the December U.S. trade deficit of $40.18 billion.

    November's net overall inflow was initially reported at $26.6 billion.

    But net long-term capital inflows fell to $63.3 billion in December, down from a revised $126.4 billion inflow the prior month.