Investing.com - U.S. business inventories rose in line with expectations in January, official data showed on Thursday.
In a report, the U.S. Census Bureau said that wholesale inventories increased by a seasonally adjusted 0.4% in January, matching forecasts. Business inventories rose by 0.5% in December.
Following the release of the data, the U.S. dollar held on to losses against the euro, with EUR/USD rising 0.34% to trade at 1.3951.
Meanwhile, U.S. equity markets remained higher. The Dow Jones Industrial Average rose 0.25%, the S&P 500 index inched up 0.15%, while the Nasdaq Composite index added 0.3%.