The US dollar fell against most of its peers Wednesday, to keep its losses after the Federal Reserve meeting minutes.

The Federal Reserve meeting minutes showed that most FOMC members are concerned about the mounting uncertainty around the coronavirus crisis.

Some members have stressed that the risks and the unusual uncertainty call for holding the interest rate.

Bearing in mind that the Fed ruled out any interest rate hikes before 2022, and trimmed its expectations for a sharp contraction in the US GDP in 2020.

The ADP data showed today the US private sector has added 2.3 million new jobs in June, less than forecasts of 2.8 million.

The dollar index fell against a basket of currencies by 0.2% to 97.1 points as of 18:50 GMT, after it hit a high of 97.6 and a low of 97.03.

The US Energy Information Administration (EIA) showed today that the US crude inventories fell 7.2 million barrels to reach a total of 533.5 million barrels during the past week, beating forecasts of a drop by 2.7 million barrels.

The gasoline stockpiles rose 1.2 million barrels to a total of 256.5 million, and distillate stockpiles fell by 600,000 barrels to a total of 174.1 million.

While the American Petroleum Institute (API) showed yesterday in preliminary data that inventories fell 8.15 million barrels during same period.

The major US stocks indices opened higher Wednesday, in the first session of the third quarter and July, after posting strong quarterly gains for the second quarter yesterday.

The ADP data showed today the US private sector has added 2.3 million new jobs in June, less than forecasts of 2.8 million.

The coronavirus crisis continues to pressure global markets and economies, while the major global companies and medical research centers are racing to develop a vaccine and treatment for the deadly disease.

The American pharmaceutical company, Pfizer, unveiled today promising results of preliminary human trails with a coronavirus vaccine it is developing.

The US Federal Reserve will release later today the minutes of its last meeting, during which FOMC members discussed monetary policy and the economic outlook.

As for stocks, Dow Jones rose 0.4% or 120 points to 25,907 as of 14:29 GMT, Nasdaq rose 0.5% or 55 points to 10,114 points, and S&P 500 rose 0.6% or 20 points to 3,120.

Palladium futures fell Wednesday, in the first session of the third quarter, as the coronavirus crisis continues.

Observers fear a second wave of coronavirus in the US and other countries, which could lead to a return of lockdown and restrictions on social distancing, which impacts the demand for commodities and metals, and pushes global GDP to recession.

The dollar index fell against a basket of currencies by 0.1% to 97.3 points as of 13:36 GMT, after it hit a high of 97.6 and a low of 97.2.

The US Federal Reserve will release later today the minutes of its last meeting, during which FOMC members discussed monetary policy, the state of the economy, and outlook.

Palladium September futures fell 2.1% to trade at $1925.3 an ounce as of 13:48 GMT, after hitting today's high at $1958.2 and a low of $1916.5.