The final reading of the University of Michigan's consumer sentiment index for March is due to be released around 10 am ET. The report is expected to show that the consumer sentiment index rose to 56.8 from February's 56.6.

The greenback held steady versus the rest of majors ahead of the report. As of 9:50 am ET, the dollar was worth 97.76 against the yen, 1.1439 against the franc, 1.4321 against the pound and 1.3307 against the euro.

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