The Commerce Department and Housing & Urban Department's Housing Stats will be published at 8.30 am ET Wednesday. The economists are looking for consensus of 1.170 million, slightly down from 1.180 million in the previous year.

Ahead of the data, the greenback traded mixed against its major rivals. While the greenback rose against the yen and the franc, it held steady against the euro and the pound.

The greenback was worth 112.85 against the yen, 0.9829 against the franc, 1.1759 against the euro and 1.3160 against the pound as of 8:25 am ET.

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