U.S. wholesale grows

Thursday, 14 June 2012 03:44

U.S. Census Bureau reports a more than expected grow of wholesale inventories. The latest data came out on Wednesday for the month of April, showing a rose of a 0.4%, beats the expectation of 0.3%.
Following the release of the data, the U.S. dollar remained mildly lower against the euro, with EUR/USD adding 0.2% to trade at 1.2529. U.S. equity markets were broadly lower. The Dow Jones Industrial Average fell 0.4%, the S&P 500 index declined 0.4%, while the Nasdaq Composite index shed 0.3%