US wholesale inventories jumped 1.5% in November versus expectations for a 0.2% rise. This is important because inventories are a major component of the GDP calculation, so that is a positive sign for a big rise in Q4 growth. The inventory rise was the biggest in 5 years.
EUR/USD is under pressure, down to 1.4335. Asian central banks have been seen selling as low as the high 1.4350s. 1.4335 support has given way….Ugly.
