The U.S. consumer price index for May will be published at 8.30 am ET Tuesday. The consensus is for growth of 0.2 percent unchanged from the prior month.

Ahead of the data, the greenback recovered from its early lows against its major rivals.

The greenback was worth 1.1782 against the euro, 1.3367 against the pound, 110.40 against the yen and 0.9849 against the franc as of 8:25 am ET.

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