The Commerce Department is scheduled to release its trade balance report for May at 8:30 am ET Wednesday. Economists expect the trade deficit to widen to $40 billion from $37.4 billion in April.
Ahead of the data, the greenback traded mixed against the other major currencies. While the greenback declined against the franc, euro and the pound, it held steady against the yen.
The greenback was worth 1.1078 against the euro, 1.2976 against the pound, 100.66 against the yen and 0.9765 against the franc as of 8:25 am ET.
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