US Dollar has stabilized positively against most of the majors on trading today as global markets are focusing on a number of important and influential events this week.

The Federal Reserve meeting will begin tomorrow as the Central Bank's Open Market Committee will discuss monetary policy and US economic indicators, while market's expectations are for a rate cut to 2.25% from 2.50%.

A new round of trade negotiations between the United States and China has started in Shanghai, while there is no optimism that an agreement between the two countries can be reached during this round.

In addition, the US monthly jobs report will be released on Friday as the data indicate the health of the labor market, which affects currency movements.

In terms of trade, by 17:54 GMT, the dollar index (against a number of major currencies) rose by less than 0.1% at 98.04 points, with a high of 98.1 points and a low of 97.9 points.

Oil's performance was during trading today as geopolitical tensions in the Middle East continued on the back of Iran's seize of a British oil tanker.

The British Navy announced today the dispatch of more warships to the Strait of Hormuz to secure transit trade in this region after Iran's possession of its oil tanker.

Meanwhile, by 16:57 GMT, the dollar index (against a number of major currencies) rose by 0.1% to 98.08 points, hitting a high of 98.1 points and a low of 97.9 points.

Markets are closely monitoring the Federal Reserve meeting, which starts tomorrow and ends on Wednesday, followed by a rate decision that affects dollar movements and commodity prices, such as oil.

In terms of trade, by 16:54 GMT, West Texas futures (September delivery) rose by 0.4% to $56.4 per barrel, with a high of $56.8 and a low of $55.8.

Brent stabilized at $63.4 per barrel, with a high of $63.7 and a low of $62.9.

Australian dollar fell slightly against the greenback as the impact of recent remarks by the Reserve Bank of Australia's Chairman Philip Lowe continued.

Reserve Bank of Australia President, Philip Lowe, said on Thursday that regardless of more interest rate cuts, the pace of borrowing in the country was facing pressure at or below current levels of interest.

The central bank cut the interest rate to 1% in July after dropping from 1.5% to 1.25% at the June meeting amid expectations of more interest rate cuts in response to a fall in inflation.

Many of the world's central banks are moving towards a rate cut to counter signs of a slower economic growth in recent times.

The most prominent of these banks are the US Federal Reserve, which will hold a meeting on Tuesday and Wednesday to discuss its monetary policy with expectations of a reduction.

In terms of trade, by 15:33 GMT, AUD/USD fell by 0.1% to 0.6904, with a high of the day at 0.6917 and a low of 0.6894.

US stocks opened mixed in today's trading tilting lower as the markets are closely anticipating a number of important events this week.

US and Chinese officials began a new round of trade negotiations in Shanghai on hopes of reaching a comprehensive trade agreement between the two countries, whilst many doubted it.

The Federal Open Market Committee (FOMC) will hold its meeting tomorrow, which will continue until Wednesday, followed by a rate decision with broad expectations of a cut.

In addition, the US jobs report will be released at the end of the week, which will have a major impact on Wall Street's movement from stocks to bonds and currencies.

In terms of trade, Dow Jones rose by 0.1% (equivalent to 46 points) to 27,239 points, while Nasdaq fell by 0.7% (59 points) to 8,277 points, and S&P 500 rose by 0.2% (6 points) to 3,019 points.