The US Commerce Department will release new home sales for June at 10:00 am ET Friday.

Ahead of the data, the greenback dropped against its major counterparts.

The greenback was worth 105.82 against the yen, 0.9237 against the franc, 1.2764 against the pound and 1.1616 against the euro as of 9:55 am ET.

Grafico Cross Sterling vs US Dollar (FX:GBPUSD)

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Grafico Cross Sterling vs US Dollar (FX:GBPUSD)

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