Investing.com - U.S. business inventories rose more than expected in April, official data showed on Thursday.
In a report, the U.S. Census Bureau said that wholesale inventories increased by a seasonally adjusted 0.6% in April, above forecasts for a 0.4% increase. Business inventories rose by 0.4% in March.
Following the release of the data, the U.S. dollar held on to losses against the euro, with EUR/USD rising 0.07% to trade at 1.3540.
Meanwhile, U.S. equity markets remained lower. The Dow rose 0.15%, the S&P 500 inched down 0.15%, while the Nasdaq 100 dipped 0.15%.