US dollar rose against a basket of global currencies in the European market today, rising for the sixth straight day to a 3-week high, on strong demand as the best investment in the forex market, while most major currencies face increased pressures, especially Euro and British Pound.

Dollar index rose about 0.1% to 98.42 points, the highest level since August 2nd, from the opening of 98.36 points, with a low of 98.30 points.

Dollar rose 0.2% yesterday, its fifth daily gain within the longest daily gains streak in a month, on improved risk appetite.

US dollar drew support from the high demand as the best investment in the forex market, as Euro and British Pound face increased pressures.

As Euro faces market's bets for new stimulus plans by the ECB at the bank's next meeting in September, which will occur to counter eurozone's slowdown risks and weak inflation signals.

While British pound is facing the royal economy's recession during the second quarter, which indicates that the British central bank will try to ease monetary policy and cut interest rates in its next meeting, in addition to no-deal Brexit concerns.

Markets are anticipating the US Federal Reserve Chairman, Jerome Powell, speech at the annual conference of global central bankers in Jackson Hole, for further evidence that the US central bank would cut interest rates again this year.

Bitcoin fell in spot trading today to lose its strong gains for the last two days, on increased profit-taking activity, while some forecasts say that these activity will be short as the bullish market run hasn't end yet, due to several positive news about the crypto market.

As of 09:25 GMT, at Bitstamp, Bitcoin is trading around $10,665, shedding $262, or 2.6%, from the opening of $10,927, with a high of $10,955 and a low of $10,549.

Bitcoin rose by 5.9% yesterday, its second daily gain and the largest since August 5.

The total market cap of cryptocurrencies fell by $2 billion to a total of $277 billion, on increased profit-taking activity dominating most of the market.

While Bitcoin jumped to 1-week high of $10,955 today, but it quickly dropped due to corrections and profit taking activity.

Whilst, according to some market's forecasts, these activity will end soon below the $10,000 barrier, as the bullish market run hasn't achieved its targets yet, amid positive news about the cryptomarket.

According to these forecasts, the next target is $11,000, and then further rise to the higher resistance around $12,000.

Bakkt CEO Kelly Loeffler, announced launch date of the platform at September 23rd, after it got approved in the United States.

Whilst, Binance announced on Monday an open blockchain project called Venus, aimed at helping governments and various companies to launch stable cryptocurrencies around the world.

Binance stated that this project will enable countries to launch their cryptocurrencies and help obtain the required regulatory approvals.

Gold rose today for the first time in the last three days, to jump above the $1,500 mark again, on increased haven demand due strong bets for monetary policy easing by most global central banks, while US dollar's rise curbs gold's gains.

As of 11:15 GMT, gold rose more than 0.7% to $1,507.10 an ounce, from the opening of $1,496.11, with a high of $1,508.05, and a low of $1,492.87.

Gold shed 1.2% yesterday, its second daily loss, as dollar rose and the most global stocks rebounded.

Gold jumped above $1,500 an ounce today, as a result of increased haven demand due strong bets for monetary policy easing and interest rates cuts to counter a possible economic recession by most global central banks.

In China, the People's Bank on Saturday announced an interest rate reform and a cut in corporate borrowing costs, to stimulate the economy to recover from the trade war impacts.

While the European Central Bank is expected to begin a stimulate plan starting for its next meeting in September, which may see an interest rates cut below zero, and a new government and private bond purchase program.

Meanwhile, dollar index rose by 0.1% today, for the sixth straight day, to a 3-week high of 98.42 points, which puts pressure on gold and other metals denominated in the US dollar.

Gold holdings at the SPDR Gold Trust, was unchanged yesterday, with a total of 843.41 metric tons.

European stocks opened higher today, to extend their gains for the third straight session, amid high hopes in the market, after reports about stimulus plans to support global economies, as well as Wall Street continuing to show strong performance .

As of 09:22 GMT, Stoxx Europe 600 rose by 0.1%, as it ended yesterday higher by 1.2%, in its second daily gain to continue its rebound from a 6-month low, drawing support from hopes about Germany stimulus plans.

The index opened higher today, extending gains for the third straight session, in addition to most of the European markets and sectors.

The healthcare sector led the rising sectors, rising by 0.7%, after AstraZeneca stock rose by 1.5%, after it published the final stages of its study of the diabetes treatment drug.

Most global stocks opened this week higher, after reports about stimulus plans to support global economies.

The People's Bank on Saturday announced an interest rate reform and a cut in corporate borrowing costs, to stimulate the economy.

While the German government expressed its readiness to stimulate the economy to face any future economic crisis.

S&P 500 futures rose more than 0.1%, as it ended yesterday in Wall Street session higher by 1.2%, its third daily gain.

Euro Stoxx 50 rose by 0.2%, while in France the CAC 40 rose by 0.1%, with Germany's DAX rising by 0.1%, and London's FTSE 100 rose by 0.4%.