USDIX drop ahead of U.S. data

USDIX rebounded in early trading today after three sessions of gains against major currencies prior to releasing the U.S. New Home Sales data.

At 12:17 pm GMT, USDIX, tracking the performance of the first currency in the world against a basket of currencies - euro, Japanese yen, sterling pound, Swedish krona, Swiss franc and Canadian dollar- dropped and is trading at 85.83 compared to the opening level 85.93.

However, markets are watching closely the release of the U.S. New Home Sales data for September at 02:00 pm GMT, which may show a 6.3% decline to approximately 473 thousand units compared with a rise of 18% at about 504 thousand units in August.