USD Shows Resilience Despite Trump-Powell Tensions, Business Inventories Flat

The US dollar maintained its upward trajectory during European trading hours, shrugging off political tensions between former President Trump and Fed Chair Powell. US business inventories remained unchanged at 0.0% for May, matching market expectations and indicating stable inventory levels. The inventory-to-sales ratio showed modest tightening, suggesting businesses are managing stock levels efficiently relative to sales activity. This data point reinforces the view of a balanced US economy, neither overheating nor contracting sharply. The dollar's resilience demonstrates market focus on economic fundamentals rather than political noise. Technical indicators suggest continued dollar strength across major pairs, with USD index holding above key support levels. Traders are positioning for upcoming retail sales data which could provide further direction for dollar pairs in the near term.