Dollar falls on US inflation concerns

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.