Investing.com - U.S. wholesale inventories rose significantly more-than-expected in October, official data showed on Tuesday.
In a report, US Census Bureau said that wholesale inventories increased by a seasonally adjusted 1.4% in October, compared to expectations for a 0.3% increase. Wholesale inventories rose by 0.5% in September.
Following the release of the data, the U.S. dollar remained lower against the euro, with EUR/USD adding 0.39% to trade at 1.3792.
Meanwhile, U.S. stock markets were down after the open. The Dow Jones Industrial Average shed 0.15%, the S&P 500 dipped 0.25%, while the Nasdaq 100 declined 0.15%.
In a report, US Census Bureau said that wholesale inventories increased by a seasonally adjusted 1.4% in October, compared to expectations for a 0.3% increase. Wholesale inventories rose by 0.5% in September.
Following the release of the data, the U.S. dollar remained lower against the euro, with EUR/USD adding 0.39% to trade at 1.3792.
Meanwhile, U.S. stock markets were down after the open. The Dow Jones Industrial Average shed 0.15%, the S&P 500 dipped 0.25%, while the Nasdaq 100 declined 0.15%.