US dollar rose against a basket of global currencies today, after its gains were temporarily halted yesterday on profit taking from a 3-week high, amid high hopes in financial markets which led to increased demand on high-yielding assets, ahead of the release of the US Fed's meeting minutes.

Dollar index rose by more than 0.1% to 98.30 points, from the opening of 98.17, with an intraday low of 97.95.

The index fell by 0.2% yesterday, its first loss in 6 days, due to profit taking from a 3-week high at 98.45 points.

US-China trade war concerns eased this week after the US government granted Huawei a 90-day reprieve to buy US products, which raised hopes that the two economies will reach a trade deal.

China has announced an interest rate reform and a cut in corporate borrowing costs, while the German government expressed its readiness to stimulate the economy to face any future economic crisis.

Which has led to improved market sentiment, reflected on increased demand for high-yielding assets, especially stocks and bonds.

Investors are anticipation today the release of the Fed meeting minutes by 18:00 GMT, which was held on July 30-31 last, and resulted in the US interest rate cut for the first time since December 2008.

And some experts believe that the move is unjustified as the US economy performs better than expected despite the rising risks, and may be a way to please President Donald Trump, who is critical of US monetary policy and high interest rates.

Fed chairman, Jerome Powell, said that the current cut will not be the beginning of a series of interest rate cuts.

The minutes is expected to include strong signes on the future of the US interest rate cuts, and in case of pessimistic signes then the market's bets will rise for another rate cut this year.

Silver prices fell today in the European market to resume losses, which were temporarily halted yesterday amid a respite, on weak heaven demand and ahead of the release of the US Fed's meeting minutes.

As of 11:50 GMT, silver fell by 0.6% to $17.03 an ounce, from the opening of $17.13, with a high of $17.14, and a low of $16.99.

Silver rose by 1.7% yesterday, in recovering attempts of its earlier losses, as dollar fell against a basket of currencies, which in addition to lower haven demand, silver and most other precious metals prices are falling.

Investors are anticipation today the release of the Fed meeting minutes  which was held on July 30-31, and resulted in a rate cut by 25 basis points to 2.25%, the first cut in more than a decade.

The minutes is expected to include strong signes on the future of the US interest rate cuts, and in case of pessimistic signes then the market's bets will rise for another rate cut this year.

European stocks opened higher today to resume gains which were temporarily halted yesterday amid a respite, to edge up again due to strong gains in the auto automotive, amid news about the merger talks between Fiat Chrysler and Renault, with market's focus on the political crisis in Italy and the release of the US Fed's meeting minutes.

As of 11:15 GMT, Stoxx Europe 600 rose by 1.1%, as it fell by 0.7% yesterday, its first loss in three sessions, on concerns about the political crisis in Italy.

The index opened higher, to resume its gains, with most of the European markets and sectors rising.

The automotive sector rose by more than 1.8%, on the Italian report confirming the merger talks between Fiat Chrysler and Renault.

Meanwhile, Investors are monitoring the developments in Italy's political crisis after the Prime Minister Giuseppe Conte resigned, and President Sergio Mattarella starting talks with party leaders to solve the crisis.

The future of the coalition government was at stake, after Deputy Prime Minister Matteo Salvini and the leader of the NLD party announced the end of cooperation and called for new elections.

S&P 500 futures rose by more than 0.9%, as it fell by 0.8% yesterday in Wall Street, its first loss in four sessions on profit taking.

Investors are anticipation today the release of the Fed meeting minutes later today, which is expected to include strong signes on the future of the US interest rate cuts.

Euro Stoxx 50 rose 1.2% with the french CAC 40 rising by 1.5%, while Germany's DAX rose by 1.1%, and in London, the FTSE 100 rose by 1.1%.

Gold fell as the European market opened today, to resume its downtrend which was temporarily halted yesterday, and heads for surrendering the $1,50 barrier, due to lower haven demand and ahead of the US Federal Reserve meeting minutes release, which is expected to include strong signes on the future of the US rate cuts.

As of 10:55 GMT, gold fell more than 0.4% to $1,501.42 an ounce from the opening of $1,507.65, with a high of of $ 1,508.03, and a low of $1,496.51.

Gold closed yesterday higher by 0.75%, its first gain in three days, as US dollar fell against a basket of global currencies.

Gold is currently facing pressure from the dollar's rise against a basket of currencies, in addition to lower haven demand levels after the US-China trade war fears eased.

During its latest meeting in July 30-31, the US Fed cut rates by 25 basis points to 2.25%, as the bank stated that the cut came to support the economy's growth and to counter weak inflation signs due to trade protectionism.

While some experts believe that the move is unjustified as the US economy performs better than expected despite the rising risks, and may be a way to please President Donald Trump, who is critical of US monetary policy and high interest rates.

Fed chairman, Jerome Powell, said that the current cut will not be the beginning of a series of interest rate cuts, and after the meeting ended, the market's bets for another US rate cut eased.

Investors are anticipation today the release of the Fed meeting minutes by 18:00 GMT, which is expected to include strong signes on the future of the US interest rate cuts.

Gold holdings at the SPDR Gold Trust, rose by 1.76 metric tons yesterday, to a total of 845.17 metric tons.