Wholesale Inventories MoM measures the percentage change in the stock of unsold goods held by wholesalers in the United States compared with the previous month. This indicator is important as it reflects the supply chain dynamics and can indicate potential economic slowdowns or growth, influencing inventory management decisions and broader economic forecasts.
A higher than expected figure should be seen as positive (bullish) for the USD while a lower than expected figure should be seen as negative (bearish) for the USD.