Forexpros – U.S. business inventories rose less-than-expected in March, official data showed on Monday.
In a report, the U.S. Census Bureau said that wholesale inventories rose by 0.3% in March, below expectations for a 0.4% gain.
Business inventories for February rose by an unrevised 0.6%.
Following the release of the data, the U.S. dollar remained higher against the euro, with EUR/USD shedding 0.3% to trade at 1.2785.
Meanwhile, U.S. equity markets were modestly higher after the open. The Dow Jones Industrial Average rose 0.1%, the S&P 500 index eased up 0.1%, while the Nasdaq Composite index added 0.2%.
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