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.
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Forex News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.