At 8:30 am ET Wednesday, U.S. consumer inflation for January is due. Ahead of the data, the greenback traded mixed against its major rivals. While the greenback recovered against the euro, it held steady against the rest of major rivals.

The greenback was worth 1.2126 against the euro, 1.3832 against the pound, 104.74 against the yen and 0.8908 against the franc as of 8:25 am ET.

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