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Dollar Pares Gains Against European Majors

The US dollar erased some of its recent gains against the major currencies of Europe in early New York deals on Tuesday.

The greenback is presently quoted at 1.5865 against the pound and 1.3117 versus the euro, down from previously hit multi-day highs of 1.5811 and 1.3145, respectively.

The dollar also retreated to as low as 0.9170 against the Swiss franc from previous high of 0.9213 hit around 6:20 am ET.

by RTTNews Staff Writer

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