US dollar fell against a basket of major currencies today as the US treasuries bond yields fell again, which has renewed market's fears of a near recession.

The US bonds yields curve inverted last week, markets interpreted it as a sign on a near possible recession.

The US Federal Reserve meeting minutes will be released tomorrow, as the meeting was held in July and resulted in a rate decision for the first time since 2008.

Yesterday, President Trump called on the US Fed to cut rates at least by 1% and the possibility of preparing a quantitative easing program and described the Federal Reserve as having no vision.

By 18:34 GMT, dollar index fell by 0.2% to 98.03 points, with an intraday high of 98.3 and a low of 97.9.

Oil recovered from some of the earlier losses today as dollar fell against most major currencies, ahead of the American Petroleum Institute (API) oil inventories data, which will be followed tomorrow by the US Energy Information Administration (EIA) data.

The API will release preliminary data on the US oil inventories later today, while the EIA will release the official data tomorrow, which have a major impact on oil prices movements.

Meanwhile, by 16:45 GMT, dollar index fell by 0.1% to 98.06 points, with an intraday high of 98.3 and a low of 98.06.

In oil market, by 16:41 GMT, West Texas fell by 0.4% to $55.9 a barrel, with a high of $56.5 and a low of $55.2.

Brent stabilized at $59.7 a barrel, with a high of $60.2 and a low of $58.9.

Australian dollar rose against greenback today after the release of the of the Reserve Bank of Australia (RBA) meeting minutes, despite the minutes showing signs of Australian dollar weakness.

The bank's discussions during August 7th, that the Australian dollar weakness is supporting exports and tourism, and stressed that the bank will ease its monetary policy when needed.

The minutes also indicated that there will be an extended period of monetary policy easing that may have interest rates cuts.

Which came amid negative signals from global economies led by the US economy, during which the US Bonds yield curve inverted, and market's interpreted it as a sign on a near possible recession.

The US-China trade war also continued impact global central banks' policies, including the RBA, which are heading for further rates cuts to counter recession.

By 16:52 GMT, AUD/USD rose by 0.2% to 0.678, with a high of 0.6796 and a low of 0.6754.

Nickel prices rose today, extending its gains this year to more than 45%, hitting record highs in more than several years.

While analysts forecasts the Chinese demand will increase on industrial metal in addition to Indonesia supply disruption, which has recently revealed a decision to ban its export.

Jakarta is planning on stopping its export of nickel ore starting from 2022, which will leads to a supply cut for global markets.

As Indonesia have more than 13 nickel refinery plants with a production capacity of 24.5 million tonnes, in addition to mining companies to produce an additional 46.33 million tonnes.

Bearing in mind that 70% of nickel is used globally in the iron and steel industry, especially in China, which is expected to increase its demand on industrial metals.

By 14:22 GMT, nickel prices rose by 0.5% to $366 per ton, with a high of $369.9 and a low of $360.5.