The euro erased most of Asian session's gains versus the majority of its key counterparts in early European deals on Tuesday.
The common currency reached 1.2958 against the dollar and 106.39 against the yen around 4:40 am ET, down from a session's highs of 1.3010 and 106.98, respectively.
The single currency also retreated to 0.8084 against the pound around this time from Asian session's 5-week high of 0.8116.
