The U.S. department of Commerce releases U.S. new home sales for September at 10:00 am ET Wednesday. The indicator is expected to drop to 600,000 from 609,000 in August.

Ahead of the data, the greenback declined against its major rivals.

The greenback was worth 1.0930 against the euro, 1.2226 against the pound, 104.22 against the yen and 0.9911 against the Swiss franc as of 9:55 am ET.

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