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U.S. business inventories rise 0.3% in February

Published 04/14/2015, 10:02 AM
U.S. business inventories rise 0.3% in February
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Investing.com - U.S. business inventories rose more than expected in February, official data showed on Tuesday.

In a report, the U.S. Census Bureau said that wholesale inventories increased by a seasonally adjusted 0.3% in February, compared to forecasts for a 0.2% gain. Business inventories were flat in January.

EUR/USD was trading at 1.0676 from around 1.0678 ahead of the release of the data, GBP/USD was at 1.4784 from 1.4781 earlier, while USD/JPY was at 119.33 from 119.35 earlier.

The US dollar index, which tracks the greenback against a basket of six major rivals, was at 98.87, compared to 98.84 ahead of the report.

Meanwhile, U.S. stock markets were lower after the open. The Dow 30 shed 0.1%, the S&P 500 dipped 0.2%, while the Nasdaq Composite slumped 0.45%.

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