Euro rose on Monday even following weak data from the Eurozone, as the dollar tumbles against a basket of rivals, underpinning the common currency. 

EUR/USD last traded at 1.1177, up from the opening of 1.1158, with a session-high at 1.1198, and a low at 1.1150. 

Earlier data from the Eurozone showed the current account with a surplus of 21.0 billion euros in July, down from 29.5 billion, while expectations pointed to 27.2B. 

The downbeat data didn't stop the euro from recovering as it benefited from the dollar's slump against main currencies. 

The dollar index, tracking the greenback against an array of six major counterparts, tumbled to 95.79 from the opening of 96.02, with an intraday low at 95.77, and a high at 95.05, after the dollar hit a two-week high last Friday. 

U.S. stock indices opened the week higher amid rising risk sentiment in the markets, which buoyed commodities and underpinned stocks. 

Markets await the Federal Reserve's meeting later this week amid mixed expectations regarding interest rates, which forced stocks in sideways trading recently as expected. 

Stocks also drew support from dollar's deep losses today, which helped commodities and buoyed shares of American exporters. 

The dollar index, tracking the greenback against an array of six major counterparts, tumbled to 95.79 from the opening of 96.02, with an intraday low at 95.77, and a high at 95.05, after the dollar hit a two-week high last Friday. 

Standard and Poor's 500 rose 0.44%, or 9.44 points to 2,148.60, while Dow Jones added 0.71%, or 129.12 points to 18,252.92. 

Tech-heavy NASDAQ gained 0.69%, or 35.97 points to 5,280.53. 

Oil prices fell during the European market on Tuesday within a correction and profit taking after strong gains over two days, under pressure from the Saudi ambiguity of the Saudi Russian agreement, which was announced on the sidelines of the meeting of the Group of Twenty, which did not carry any concrete steps to reduce production.

By 08:55 GMT, US crude fell to $ 44.90 a barrel from the opening level of $ 45.03 and recorded the highest level 45.60 dollars and the lowest level of $ 44.85.

Brent crude was down to $ 47.17 a barrel from the opening level of $ 47.44 and recorded the highest level of $ 47.98 and the lowest level of $ 47.12.

American "October delivery" of crude oil Finished trading yesterday, up by 2.2 percent, the second daily gain in a row, and Brent contracts "November contracts" stepped up by 1.7 percent, with the support of the Declaration of Russia and Saudi Arabia a joint cooperation agreement in order to stabilize the market and support prices.

The energy ministers of Russia and Saudi Arabia announced yesterday in Beijing on the sidelines of the meeting of the economic Group of Twenty the signing of a joint memorandum on the oil market, it was agreed to form a Saudi Russian committee to determine the actions required to stabilize oil markets and support prices.

And the agreement did not bring any concrete steps to reduce the glut of global production, and it increased uncertainty after Khalid al-Falih, Saudi energy minister's comments with Al Arabiya television in which he said there is no need now to freeze the production, however, he pointed to optimism about the success of Algeria talks.

For his part, Russian Energy Minister Alexander Novak said that "Russia and Saudi Arabia have the greatest weight in the market and we work together in order to reduce volatility in the markets."

According to preliminary data, the Petroleum Exporting Countries "OPEC" pumped 33.69 million barrels a day in August, the highest level ever for the production of the group, due to Saudi Arabia pumping a record level of production and the acceleration of Iraq and Iran production.

According to a report issued by the City Krupp, Iran remains the main obstacle to any action for OPEC to freeze production at specific levels.

Crude oil turned higher during the European market on Thursday after falling in earlier trading to the lowest level in two weeks, taking advantage of the US dollar weakened against a basket of currencies, in addition to the decline in crude inventories in the United States, the biggest oil consumer in the world.

By 12:40 GMT, US crude rose to $ 43.80 a barrel from the opening level of $ 43.69 and recorded the highest level of $ 44.03 and lowest around $ 43.30, the lowest since September 2.

American "October delivery" of crude oil Finished trading yesterday, down 3.0 percent, in the second daily loss in a row, after renewed fears of global supply glut, especially after the latest monthly report from the International Energy Agency, which pointed to the continued supply glut during 2017.

The dollar index, which tracks the US currency's performance against a basket of currencies, fell 0.2 percent, extending losses for the second consecutive day, in light of receding expectations of raising US interest rates next week after disappointing data on retail sales and producer prices in August, the falling dollar supports commodity and metal prices being priced in the US currency and depreciates for holders of other currencies.

US Energy Information Administration yesterday said that crude oil inventories in the country fell by 0.6 million barrels for the week ending 9 September, the second weekly decline in a row, to total 511.2 million barrels, the lowest level since the week ending February 19 last February, and experts predicted higher inventories increased by 2.8 million barrels.