US dollar rose against a basket of currencies, after sharp losses in global stock markets in addition to Trump's criticism of US Federal Reserve.

Donald Trump said that the US Fed is late to cut interest rates to face the slowing growth, and blamed Wall Street losses on the central bank.

Whilst, denying that his tariffs decisions are the main cause for the economic growth slowdown and global markets' volatility, defending it by saying that it generates billions of dollars to the federal budget.

The US released data today which showed that import prices rose 0.2% in July.

By 17:57 GMT, dollar index rose against a basket of currencies by 0.1% to 97.9 points, with a high of 98 and a low of 97.6.

Gold rose today, to close again near its 6-year high, on investor' risk aversion to shelter from global stock markets' sharp losses.

US stock market fell sharply today on mounting concerns in markets over US economy recession after the two-year and 10-year bond yield curve inversion.

Donald Trump said that the US Fed is late to cut interest rates to face the slowing growth, and blamed Wall Street losses on the central bank.

By 18:06 GMT, dollar index rose against a basket of currencies by 0.1% to 97.9 points, with a high of 98 and a low of 97.6.

Gold futures (December delivery) rose by 0.9% to $1527.8 an ounce, with a high of $1534.9 and a low of $1504.5.

Oil fell sharply today, amid mounting concerns in markets over US economy recession, which have negatively affect demand today.

Oil prices extended their losses after the US Energy Information Administration's weekly report, which showed that US oil inventories rose by 1.6 million barrels to 440.5 million barrels during last week, beating forecasts of a drop by 2.7 million.

By 17:01 GMT, dollar rose against a basket of currencies by 0.1% to 97.9 points, with a high of 98 and a low of 97.6.

Bond yields in both the United Kingdom and the United States have sharply fell, which global markets interpret as a sign of a near global recession.

In the oil market, by 16:57 GMT, WTI fell by 5.1% to $54.1 a barrel, with a high of $56.8 and a low of $54.01.

Brent fell by 4.7% to $58.4 a barrel, with a high of $61.08 and a low of $58.3.

Australian dollar fell against the greenback today, shrugging off positive economic data, amid mounting global recession concerns in markets.

Bond yields in both the United Kingdom and the United States have sharply fell, which global markets interpret as a sign of a near global recession.

Australian economy released its reading for the wage price index, rising by 0.6% in July, higher than forecasts of 0.5%.

Trump’s administration decided yesterday to delay the decision to impose a 10% tariffs increase on Chinese imports worth $300 billion to mid-December as the US Trade Representative's office said, instead of September 1st, which has eased global markets' concerns. 

US President Donald Trump said the decision is due to the holidays season because the tariffs have an impact on shopping.

By 15:57 GMT, AUD/USD fell by 0.8% to $0.6742, with a high of $0.6808 and a low of $0.6736.