Greenback Finds Buyers

The greenback was rallying modestly early Tuesday after a published report said a Federal Reserve rate cut this week might not be the done deal most market participants have been expecting.

Euros were trading for $1.441, down slightly from $1.443 late Monday. The dollar rose to 114.9 Japanese yen, up from 114.63 yen at the end of the last session.

Many traders have been dumping dollars in anticipation of declining yields, but the U.S. currency caught a bid after The Wall Street Journal reported that the Fed wasn't guaranteed to reduce its fed funds target when it wraps up a two-day meeting Wednesday. ...