The US dollar fell against most of its peers on Tuesday, and deepened its losses after the release of data showing an increase in US inflation.

The US Food and Drug Administration called for a pause on Johnson & Johnson vaccine after six rare clotting cases were reported after taking the vaccine, which poses a danger to their lives.

While the World Health Organization warned about increased Covid-19 infections after the global death toll rose near 3 million cases.

Data showed that the US consumer price index rose by 0.6% during the past month, in the largest monthly jump since August 2012, beating forecasts of a 0.5%.

The dollar index fell against a basket of major currencies 0.2% to 91.9 points as of 17:04 GMT, after hitting a high of 92.3 points and a low of 91.8 points.

The main US stock indices saw mixed performance on Tuesday, following the release of economic data and bad news about a Covid-19 vaccine.

The US Food and Drug Administration called for a pause on Johnson & Johnson vaccine after six rare clotting cases were reported after taking the vaccine.

Data showed that the US consumer price index rose by 0.6% during the past month, in the largest monthly jump since August 2012, beating forecasts of a 0.5%.

As for stocks, Dow Jones fell 0.4% or 125 points to 33,622 as of 14:03 GMT, Nasdaq rose 0.7% or 96 points to 13,947, and S&P 500 rose 0.1% or 6 points to 4,133.

The US dollar rose against a basket of major currencies on Tuesday, within recovery from a 2-week low, after a new jump in the US treasury bond yields, and ahead of the release of key data on the US consumer prices.

The dollar index rose more than 0.25% to 92.30 points, after opening at 92.07 points, and hit a low of 92.07 points.

The greenback fell less than 0.1% yesterday, after rising more than 0.1% within recovery from a 2-week low of 91.99 points.

The 10-year US Treasury yields rose 1.5% today for the third straight session, marking week highs at 1.701%. 

Later at 12:30 GMT, US data might show an accelerated pace of inflation during March, underpinning long-term yields further. 

Federal Reserve Bank of Boston Chairman Eric Rosengren said on Monday that it's unlikely the economy will heat up too quickly this year, adding that the Fed has the tools to counter any sudden jumps in inflation.

At 12:30 GMT, the US economy released its reading of the consumer price index for March down by 0.6%, higher than forecasts of a drop by 0.5%, and higher than the previous reading of 0.4%.

The core reading of the same index (excluding food and fuel prices) was at 0.3%, higher than forecasts of 0.2%, and higher than the previous reading of 0.2% after it was revised from 0.1%.