The US dollar held steady against many of its major currency rivals in the middle of the trading week. As investors brace for minutes from this month’s Federal Open Market Committee (FOMC) policy meeting, traders are watching the turnaround in equities and weaker-than-expected economic data.

According to the Bureau of Economic Analysis (BEA), durable goods orders rose 0.4% in April, down from 0.6% in March. The reading fell short of the 0.6% forecast.

Durable goods orders ex transportation, ex aircraft, and ex defense edged up 0.03%. All three clocked in below the market estimates.

The latest mortgage data were released. In the week ending May 20, mortgage applications fell 1.2%, up from the 11% decline in the previous week. The 30-year mortgage rate eased by three basis points to 5.46%.

Earlier this week, the S&P Global manufacturing, composite, and services purchasing managers’ index (PMI) numbers came out and they were all lower than what were penciled in by economists.

On Wednesday, the Federal Reserve will released the minutes from this month’s rate-setting Committee meeting. Investors will comb through the minutes to determine any expectations of more aggression and what officials anticipate moving forward.

For the rest of the week, home sales, personal income, personal spending, and more inflation data will be released.

The US Treasury market was mostly in the red midweek, with the benchmark 10-year yield down 0.9 basis point to 2.751%. The one-year bill shed 1.1 basis points to 1.985%, while the 30-year bond was flat at 2.97%.

The US Dollar Index (DXY), which measures the greenback against a basket of currencies, rose 0.32% to 102.18, from an opening of 101.77. The index is on track for a weekly loss of at least 1%, but it is still up 6.5% year-to-date as investors continue to pour into the conventional safe-haven asset.

The USD/CAD currency pair edged up 0.09% to 1.2833, from an opening of 1.2822, at 14:57 GMT on Wednesday. The EUR/USD tumbled 0.53% to 1.0679, from an opening of 1.0736.