Forexpros – U.S. business inventories rose more-than-expected in May, official data showed on Monday.
In a report, the U.S. Census Bureau said that wholesale inventories rose by 0.3% in May, above expectations for a 0.2% gain.
Business inventories for April were revised down to a 0.3% gain from a previously reported 0.4% increase.
Following the release of the data, the U.S. dollar remained mildly lower against the euro, with EUR/USD dipping 0.15% to trade at 1.2231.
Meanwhile, U.S. equity markets were broadly lower after the open. The Dow Jones Industrial Average fell 0.55%, the S&P 500 index declined 0.55%, while the Nasdaq Composite index shed 0.5%.
Forexpros
