The U.S. Census Bureau is expected to release a report on housing starts at 8:30 am ET. Economists estimate housing starts for April to come in at 690,000 units, while building permits are expected to have declined to 725,000.
The US dollar showed mixed performance ahead of the report. While the greenback strengthened against the yen and the pound, it edged lower against the euro and the Swiss franc. As of 8:25 am ET, the US currency was trading at 1.2740 against the euro, 0.9430 against the Swiss franc, 1.5924 against the pound and 80.50 against the yen.
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