The US Commerce Department is due to release its wholesale inventories report at 10:00 am ET. Economists expect wholesale inventories at the end of February to show a 0.6% decline.

The greenback held steady versus its major opponents ahead of the report. As of now, the dollar is quoted at 100.29 against the Japanese yen, 1.3259 against the euro, 1.1462 against the franc and 1.4724 per pound.

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