Investing.com - U.S. business inventories rose in line with expectations in June, official data showed on Wednesday.
In a report, the U.S. Census Bureau said that wholesale inventories increased by a seasonally adjusted 0.4% in June, meeting forecasts. Business inventories rose by 0.5% in May.
Following the release of the data, the U.S. dollar was lower against the euro, with EUR/USD rising 0.13% to trade at 1.3387.
Meanwhile, U.S. stock markets were modestly higher. The Dow tacked on 0.2%, the S&P 500 inched up 0.3%, while the NASDAQ Composite added 0.5%.
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