The U.S. dollar erased its early losses against the other major currencies in European morning deals on Wednesday.

The greenback, which fell to 1.5618 against the pound, 1.1083 against the euro and 123.32 against the yen in early deals, reversed way and was trading at 1.5588, 1.1029 and 123.68, respectively.

The greenback recovered to 0.9655 against the franc, from an early 2-day low of 0.9602.

The next possible resistance for the greenback is seen around 1.55 against the pound, 1.05 against the euro, 125.00 against the yen and 0.98 against the franc.

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