Investing.com - U.S. business inventories rose in line with expectations in August, official data showed on Tuesday.
In a report, the U.S. Census Bureau said that wholesale inventories inched up by 0.3% in August, in line with expectations.
Business inventories rose by 0.4% in July.
Following the release of the data, the U.S. dollar held on to gains against the euro, with EUR/USD shedding 0.19% to trade at 1.3760.
Meanwhile, U.S. equity markets remained higher. The Dow Jones Industrial Average rose 0.3%, the S&P 500 index added 0.2%, while the Nasdaq Composite index inched up 0.1%.
In a report, the U.S. Census Bureau said that wholesale inventories inched up by 0.3% in August, in line with expectations.
Business inventories rose by 0.4% in July.
Following the release of the data, the U.S. dollar held on to gains against the euro, with EUR/USD shedding 0.19% to trade at 1.3760.
Meanwhile, U.S. equity markets remained higher. The Dow Jones Industrial Average rose 0.3%, the S&P 500 index added 0.2%, while the Nasdaq Composite index inched up 0.1%.