RTTN: Dollar Steady After US Business Inventories Report
The Commerce Department said its business inventories rose 0.6 percent in August, slightly higher-than economists' forecasts who called for a 0.5 percent increase but was down from a 0.8 percent increase recorded in July.
The US dollar held steady against its major opponents after the report. As of 10:04 am ET, the greenback was trading at 78.75 against the yen, 1.6052 against the pound, 0.9340 against the Swiss franc and 1.2945 against the euro.
