The Commerce Department's International Trade for July will be released at 8.30 am ET Wednesday. The economists were looking for consensus of a deficit of $44.6 billion, compared to a deficit of $43.6 billion a month ago.

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

The greenback was worth 1.1934 against the euro, 108.91 against the yen, 0.9554 against the franc and 1.3048 against the pound as of 8:25 am ET.

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