US dollar rose against a basket of currencies today, to continue rising to a 1-week high, after the ECB's announcement of new stimulus measures to support the european economy, and ahead of the release of key US data on inflation and Mario Draghi's speech.

The dollar index rose by 0.3% to 98.94 points, from the opening of 98.63, with a low of  98.38 points.

Dollar rose by 0.3% yesterday, its second daily gain which came after the US 10-year treasury yields jumping to 1-month high.

Otherwise, Euro fell against dollar after the European Central Bank announced its monetary policy decisions at the end of the September 12th meeting, which included new stimulus measures to support the eurozone economy in the face of increased risks.

The bank announced a 10bp cut in deposit rates to minus 0.5%, in line with forecasts, and kept the interest rate unchanged at 0%.

The bank also announced a new bond-buying program of about 20 billion euros per month, whenever necessary for the European economy, while the bank's Chairman, Mario Draghi, will comment on the program in his speech later today by 12:30 GMT.

Investors are also anticipating the release of US inflation data for August, which provides strong evidence on the possibility of the US Fed's rates cuts for this year for the second time at the next week's meeting.

By 12:30 GMT, the US annual CPI is expected to rise by 1.8% in August, unchanged from the previous reading, and the monthly reading is expected to rise by 0.1% vs, 0.3% in July.

Gold prices rose today in the European market, for the second day to continue to recover from a 1-month low, as dollar fell against a basket of currencies, ahead of the release of key US data on inflation in addition to strong haven demand ahead of the ECB decisions and Mario Draghi's speech.

Gold prices rose by 0.6% to $1,505.88 an ounce, from the opening of $1,497.38, with a low of $1,489.24.

Yesterday, gold closed higher by 0.8%, for the first day in the last 5, in attempts to recover from a 1-month low hit in the previous day at $1,484.48.

The dollar index fell by 0.1% today, to fall from a 1-week high of 98.75 points, which favor most metals and commodities denominated in dollars.

This drop comes ahead of key US inflation data for August, which provides strong evidence on the possibility of the US Fed's rates cuts for this year for the second time at the next week's meeting.

The markets are also anticipating the ECB decisions and Governor Mario Draghi's press conference later today, with forecasts for the ECB to cut interest rates to a negative range and to announce quantitative easing policies to to stimulate the european economy, which will favor the rise safe havens, especially gold and silver.

Gold holdings at SPDR Gold Trust, remained unchanged yesterday for the second day, to a total of 882.42 metric tons (the lowest level since September 2nd).

The European Central Bank released at 11:45 GMT, its monetary policy statement at the close of its meeting, which showed a 10bp cut in deposit rates to minus 0.5%, in line with forecasts.

The bank also announced a new bond-buying program of about 20 billion euros per month, whenever necessary for the European economy, while the bank's Chairman, Mario Draghi, will comment on the program in his speech later today.

The European Central Bank released at 11:45 GMT, its rate decision at the end of the September 12th meeting, as the bank kept the interest rates at 0.00%, unchenger from the previous and in line with forecasts.