US Business Inventories up to 0.7% in October from 0.6%

Dec 12, 2013

USD/CAD jumps above 1.0620 after US and Canada data

The US dollar is currently trading higher against its Canadian counterpart as the USD/CAD has jumped around 70 pips in the latest couple of hours to break above 1.0615 and reach fresh intra-day high at 1.0635.

US: Business Inventories grow 0.7% in October

The US Business Inventories rose by 0.7% in October, following a 0.6% increase the previous month, the US Census Bureau informed today. Analysts expected slower pace of growth of 0.3%.