Reversing direction, the U.S. dollar declined against the pound and the Canadian dollar in late Asian deals on Tuesday.

The greenback edged down to 1.2505 against the loonie and 1.5393 against the pound, from early highs of 1.2542 and 1.5354, respectively.

The next possible downside target for the greenback is seen around 1.24 against the loonie and 1.55 against the pound.

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