The U.S. dollar retreated from its early highs against most major currencies in European morning deals on Tuesday.

The dollar is now trading at 0.9682 against the franc, 1.2413 against the euro and 1.5603 against the pound, compared to early highs of 0.9709, 1.2377 and 1.5567, respectively.

Against the loonie, the greenback is now trading at 0.9993, down from 1.0014 hit at 2:10 am ET.

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