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USD derives support from the FOMC meeting minutes

Wall Street indexes finished mostly in positive territory on Tuesday despite the lack of progress on the fiscal stimulus package and the ongoing concerns over the outlook for the economic recovery amid the ongoing pandemic. On the data front, U.S. home builders began construction on homes at a seasonally-adjusted annual rate of 1.496 million in July, up 22.6% from the previous month and 23.4% from a year ago while permitting activity occurred at a seasonally-adjusted annual rate of 1.495 million, up 18.8% from June and 9.4% from July 2019.