The Commerce Department is scheduled to release its personal income and spending report for April at 8:30 am ET Tuesday. Economists expect personal income growth of 0.4 percent month-over-month and personal spending growth of 0.7 percent.

Ahead of the data, the greenback showed mixed trading against its major counterparts. While the greenback held steady against the yen and the pound, it fell against the franc and the euro.

The greenback was worth 1.1153 against the euro, 111.08 against the yen, 0.9902 against the franc and 1.4638 against the pound as of 8:25 am ET.

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