Foreign central banks are continuing to rid themselves of US dollars. From November 2015 to November 2016, central banks have sold $405 billion US treasures, much of which back to the US government, which is a new record. Much of this treasury dumping was from Japan, which was its fourth month in a row of doing so. The biggest seller, unsurprisingly, was China. They dumped $66.4 billion of our treasuries in just one month, which was the biggest monthly sale in five years. China’s total US treasury holdings are now at their lowest levels in seven years.