US Dollar Index rallies to 98.30 region
The US Dollar Index rose toward the 98.30 region on Tuesday, driven by hotter-than-expected US inflation data.
The latest US Consumer Price Index report showed headline inflation accelerated to 3.8% YoY in April.
The 10-year US Treasury yield climbed 1.10% to 4.46%, while the 30-year yield rose 0.80% to 5.03%.
EUR/USD dropped toward the 1.1740 region as the stronger USD dominated the market.