US dollar fell against a basket of major currencies today, to erase its earlier gains, amid uncertainty about the US Federal Reserve monetary policy path.

The US Federal Reserve cut interest rates yesterday by 25 basis points to between 2.00% and 1.75%, which is the second rate cut since 2008.

The Fed statement showed that the members were divided on further rate cuts.

Fed Chairman Jerome Powell stated that any decisions to cut or raise interest rates will be based on the economic situation and future decisions would depend on data released.

The US Department of Labor revealed today its reading for the unemployment claims, which increased by 2,000 to 208,000 during last week.

As of 18:20 GMT, the dollar index rose by 0.3% to 98.2 points, with an intraday high of 98.6 and a low of 98.2.

Oil prices rose today as US dollar fell against a basket of currencies after the market absorbed the US inventories data while Saudi Arabia resumed its supply capacity.

Wall Street Journal reported that Saudi Arabia has requested to buy 20 million barrels from the Iraqi company SOMO to be urgently supplied to the  facilities that were damaged in recent the attacks.

The US Energy Information Administration (EIA) revealed yesterday that oil inventories rose by 1.1 million barrels, surpassing forecasts of a drop by 2 million.

Baker Hughes will unveil the  US oil and gas rigs count tomorrow.

As of 16:21 GMT, the dollar index fell by 0.2% to 98.4 points, with a high of 98.6 and a low of 98.2.

As of 16:21 GMT, WTI by 0.9% to $58.6 a barrel, with a high of $59.5  and a low of $58.08.

Brent rose 1.8% to $64.7 a barrel, with a high of $65.5 and a low of $63.4.

Australian dollar fell against greenback today on mixed economic data, and after the markets absorbed the US Federal Reserve decision.

The Australian economy revealed today that the GDP grew by 0.5% in the second quarter, higher than forecast of 0.4%.

Whilst, the unemployment rate rose to 5.3% during August, worse than forecasts of 5.2%.

In addition to 34.7 thousand new added jobs in August, higher than forecasts of 15.2 thousand jobs.

The US Federal Reserve cut interest rates yesterday by 25 basis points to between 2.00% and 1.75%, which is the second rate cut since 2008.

While the Fed Chairman Jerome Powell stated that any decisions to cut or raise interest rates will be based on the economic situation.

By 15:54 GMT, AUD/USD fell by 0.5% to 0.6797, with a high of 0.6833 and a low of 0.6779.

US stocks opened higher today, after the market absorbed the US Federal Reserve's rate decision in addition to Chairman Jerome Powell's remarks.

The US FOMC cut the interest rates yesterday by 25 basis points, to between 1.75% and 2.00%, but a split emerged between the committee members.

Fed Chairman, Jerome Powell, said that the US economy and the labor market are still strong, and stated that any decisions to cut or raise the interest rates will be based on the economic situation.

The US Labor Department revealed today its reading for the unemployment claims, which increased have by 2,000 to 208,000 during last week.

As of 14:35 GMT, Dow Jones rose by 0.4% or 111 points to 27,250 points, Nasdaq rose by 0.6% or 54 points to 8,231, and S&P 500 rose by 0.4% or 13 points to 3,019.