The US Commerce Department released its durable goods orders report for February at 8:30 am ET. The report showed that durable goods orders unexpectedly rose to a 3.4 percent in February, from the previous month's revised figure of minus 4.5 percent. Economists were expecting the orders to drop 2.5 percent in the month.

Following the report, the greenback held steady against its major counterparts. As of 8:30 am Eastern Time, the greenback was worth 97.82 against the Japanese yen, 1.4575 against the pound, 1.1288 versus the Swiss franc and 1.3506 against the euro.

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