Investing.com - U.S. business inventories were flat in January, official data showed on Thursday.
In a report, the U.S. Census Bureau said that wholesale inventories were flat in January, compared to forecasts for a 0.2% gain. Business inventories rose by 0.1% in December.
EUR/USD was trading at 1.0608 from around 1.0614 ahead of the release of the data, while GBP/USD was at 1.4936 from 1.4939 earlier, while USD/JPY was at 121.13 from 121.14 earlier.
The US dollar index, which tracks the greenback against a basket of six major rivals, was at 99.27, compared to 99.20 ahead of the report.
Meanwhile, U.S. stock markets were higher after the open. The Dow 30 rose 1%, the S&P 500 tacked on 0.85%, while the Nasdaq Composite picked up 0.55%.