Reversing direction, the U.S. dollar climbed against most major counterparts in early European trading on Tuesday.

The greenback rebounded to 109.64 against the yen, off its early low of 109.17.

The greenback climbed to a 2-month high of 1.1171 against the euro, 2-1/2-month high of 0.9932 against the franc and a 1-1/2-month high of 1.3185 against the loonie, from its previous lows of 1.1227, 0.9889 and 1.3137, respectively.

Extending early rally, the greenback hit nearly a 3-month high of 0.7156 against the aussie, from its early low of 0.7228.

The greenback is likely to find resistance around 112.00 against the yen, 1.02 against the franc, 1.10 against the euro, 1.33 against the loonie and 0.70 against the aussie.

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