The Commerce Department's International Trade Data for July will be published at 8.30 am ET Wednesday. The consensus is for a deficit of $50.2 billion compared to deficit of $46.3 billion in the prior month.

Ahead of the data, the greenback held steady against its major opponents.

The greenback was worth 111.53 against the yen, 1.1583 against the euro, 0.9748 against the franc and 1.2819 against the pound as of 8:25 am ET.

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