The Commerce Department is scheduled to release its new home sales report for July at 10 am ET Tuesday. Economists expect new home sales to come in at a seasonally adjusted annual rate of 580,000 units for the month.

Ahead of the data, the greenback held steady against its major rivals.

The greenback was worth 1.1329 against the euro, 100.11 against the yen, 0.9611 against the franc and 1.3189 against the pound as of 9:55 am ET.

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