Investing.com - U.S. business inventories rose more-than-expected in October, official data showed on Thursday.
In a report, the U.S. Census Bureau said that wholesale inventories increased by a seasonally adjusted 0.7% in October, compared to expectations for a 0.3% gain. Business inventories rose by 0.6% in September.
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 mixed. The Dow Jones Industrial Average fell 0.35%, the S&P 500 index dipped 0.15%, while the Nasdaq Composite index inched up 0.1%.
In a report, the U.S. Census Bureau said that wholesale inventories increased by a seasonally adjusted 0.7% in October, compared to expectations for a 0.3% gain. Business inventories rose by 0.6% in September.
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 mixed. The Dow Jones Industrial Average fell 0.35%, the S&P 500 index dipped 0.15%, while the Nasdaq Composite index inched up 0.1%.