Investing.com - U.S. wholesale inventories rose more-than-expected in November, official data showed on Thursday.
In a report, the U.S. Census Bureau said that wholesale inventories rose by 0.6% in November, after rising by 0.3% in October, whose figure was revised from a 0.6% increase.
Analysts had expected U.S. wholesale inventories to rise by 0.3% in November.
Following the release of the data, the U.S. dollar was lower against the euro, with EUR/USD adding 0.9% to hit 1.3183.
Meanwhile, U.S. equity markets were broadly higher after the open. The Dow Jones Industrial Average climbed 0.35%, the S&P 500 index gained 0.45%, while the Nasdaq Composite index added 0.5%.
In a report, the U.S. Census Bureau said that wholesale inventories rose by 0.6% in November, after rising by 0.3% in October, whose figure was revised from a 0.6% increase.
Analysts had expected U.S. wholesale inventories to rise by 0.3% in November.
Following the release of the data, the U.S. dollar was lower against the euro, with EUR/USD adding 0.9% to hit 1.3183.
Meanwhile, U.S. equity markets were broadly higher after the open. The Dow Jones Industrial Average climbed 0.35%, the S&P 500 index gained 0.45%, while the Nasdaq Composite index added 0.5%.