US: Wholesale Inventories beats consensus at 1.2% in January

Analysts were expecting a 0.3% rise in January, but wholesale inventories in the US surprised with a +1.2% change. December data was revised higher from -0.1% to +0.1%.

Mar 8, 2013

US Wholesale Inventories up to 1.2% in Jan from 0.1% in Dec

Forex: EUR/USD off 1.2956 low

After extending this week's fall to 1.2956, the market is taking profits from that plunge triggered by stronger than expected US nonfarm payrolls and allowing a bounce towards the 1.3000 psychological level. Meanwhile, the US wholesale inventories were published.

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US: Wholesale Inventories beats consensus at 1.2% in January

US Wholesale Inventories up to 1.2% in Jan from 0.1% in Dec

Forex: EUR/USD off 1.2956 low