The Commerce Department is scheduled to release the Durable Goods Orders data for August at 8.30 am ET Wednesday. Economist are looking for a month-over-month decline of 1.9 percent in new orders, compared to 4.4 percent growth in July.

Ahead of the data, the greenback traded mixed against its major rivals. While the greenback held steady against the pound, it retreated from early highs against the yen, franc and the euro.

The greenback was worth 1.1229 against the euro, 100.63 against the yen, 0.9701 against the franc and 1.3014 against the pound as of 8:25 am ET.

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