Dollar rises ahead of US inflation data

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.