US dollar fell today after the markets absorbed the ECB decision while the focus shifted to the upcoming Federal Reserve meeting which will start next week.

The European Central Bank (ECB) announced yesterday a rate cut by 10bp to -0.5% and launched a bond-buying program worth 20 billion euros per month (about $22 billion).

These decisions triggered President Trump to renew his criticism of the US Fed, while odds are for the bank to cut the rate for the second time this year in its upcoming meeting next week.

Otherwise, the markets are also anticipating the latest round of the US-China trade talks in next month, with increased hopes after mutual positive measures between the two countries.

As of 17:46 GMT, the dollar index fell against a basket of currencies by 0.1% to 98.2 points, with a high of 98.4 and a low of 98.0.

Baker Hughes announced today that the US oil drilling rigs count fell by 5 rigs to 733 during this week.

While the natural gas rigs fell by 7 to 153 rigs, with the total oil and gas rigs in the US falling by 12 to 886 rigs.

Oil  fell today despite dollar's drop, but trimmed its losses ahead of the release of the US drilling data by Baker Hughes.

Earlier this week, President Trump fired the national security adviser John Bolton, which raised odds about a possible easing of the Iranian oil sanctions, which leads to higher supply.

Baker Hughes will announce the US oil and natural gas drilling rigs count later today.

As of 16:47 GMT, the dollar index fell by 0.1% to 98.2 points, with a high of 98.4 and a low of 98.0.

By 16:43 GMT, WTI fell by 0.2% to $54.9 a barrel, with a high of $55.6 and a low of $54.4.

Brent fell by 0.2% to $60.2 a barrel, with a high of $60.8 and a low of $58.6.

Australian dollar rose today against greenback amid market's hopes about the US-China trade talks.

President Trump announced the delaying of the $250 billion tariffs increase on Chinese imports for nearly two weeks in a good will gesture, until October 15th.

Experts see that Trump wants to pave the way for constructive negotiations between Washington and Beijing, which will begin in October as he aims for a long-term trade agreement.

Which came after China announced the exemption of 16 US products from 25% tariffs for a year.

The Chinese Ministry of Commerce stated on Tuesday that it has encouraged local companies to buy US agricultural products such as soybeans and corn.

Which eased the market's concerns and boosted the risk appetite in markets, especially Forex and stocks markets.

While the markets are anticipating the next US Federal Reserve's meeting next week with forecasts of a quarter-point rate cut to 2.00% from 2.25%.

As of 16:44 GMT, AUD/USD rose by 0.2% to $0.6881, hit a high of $0.6891 and a low of $0.6856.