Investing.com - U.S. business inventories rose less than expected in May, official data showed on Tuesday.
In a report, the U.S. Census Bureau said that wholesale inventories increased by a seasonally adjusted 0.5% in May, below forecasts for a 0.6% increase. Business inventories rose by 0.6% in April.
Following the release of the data, the U.S. dollar was modestly higher against the euro, with EUR/USD easing down 0.12% to trade at 1.3602.
Meanwhile, U.S. stock markets were modestly higher. The Dow tacked on 0.2%, the S&P 500 inched up 0.1%, while the NASDAQ added 0.1%.