US dollar fell against most of the majors on today's holiday-thin trading, as a number of global markets closed on the Easter holiday.

US President Donald Trump announced that his Federal Reserve nominee Herman Cain has withdrawn from his candidacy for the Federal Reserve Board, citing the controversy surrounding his nomination.

On the other hand, stock and bond markets in Germany, France, Australia, Italy, the UK, and Hong Kong were closed to celebrate the Easter holiday and will resume their activities tomorrow.

Meanwhile, the markets are focusing on the impact of Trump's decision to suspend waivers for Iranian oil importers, which means further pressure on Tehran's oil exports.

The dollar index (against a number of major currencies) fell by 0.1% to 97.2 points at 17:02 GMT, reaching a high of 97.4 points and a low of 97.2 points.

Oil prices rose during today's trading supported by the US President Donald Trump's decision to end the sanctions waivers for Iran oil importers., which coincided with the decline of the dollar against most major currencies.

Trump's administration announced the suspension of waivers for Iranian oil importers, which means further pressure on Tehran's oil exports.

Saudi Arabia responded to this statement, saying that the Kingdom is continuing its policy to achieve more stability and balance in the oil market.

Meanwhile, the dollar index (against a number of major currencies) fell by 0.1% to 97.2 points at 16:10 GMT, reaching a high of 97.4 points and a low of 97.2 points.

By 16:01 GMT, US West Texas crude rose by 2.9% to $65.8 a barrel, recording a high of $65.9 and a low of $64.

Brent crude also rose 3.4% to $74.4 a barrel, hitting a high of $74.4 and a low of $71.8.

The Canadian dollar rose during the day amid pressures on the US currency as well as the continued trade negotiations optimism between Washington and Beijing.

The dollar was under pressure today after US President Donald Trump announced the end to sanctions waivers for Iran oil importers.

Whilst, there have yet to be any concrete results from US-China trade talks despite positive statements from Washington and Beijing.

The world's two largest economies have already reached a mechanism to implement any possible deal that could be concluded as expected in the markets.

In terms of trading, at 14:58 GMT, the Canadian dollar rose against the US dollar by 0.2% to 0.7485, with the highest price at 0.7493 and the lowest price at 0.7467.

Palladium prices stabilized during Monday's trading after a number of international markets returned to work from the Good Friday holiday. As the industrial metal remained above the $1400 barrier, to resume its positive tone of trading.

It is still expected that car companies will continue to demand palladium to incorporate in vehicle parts to reduce their toxic emissions, due to the tightening of carbon emission standards to combat air pollution and climate change.

Whilst, Russia's ban on palladium exports will take effect from May to October.

At 13:41 GMT, the dollar index (against a number of major currencies) stabilized at 97.3 points, reaching a high of 97.7 points and a low of 97.3 points.

In terms of trading, by 13:41 GMT, palladium futures (June delivery) rose by 0.2% to $1401.5 an ounce, with a high of $1417.2 and a low of $1397.5.