The US dollar rose against its rivals during the European session on Tuesday, to head for its first daily gain in 4 days, in recovery attempts from 2-week low, amid conflicting news about the US-China trade talks, and ahead of important data about the US housing market.

The dollar index rose by 0.1% to 97.89 points, after it opened at 97.81, and hit an intraday low of 97.75.

The US dollar lost 0.15% yesterday, to post its third straight daily loss, and hit a 2-week low of 97.68, as sell-off continued on the US currency against a basket of currencies.

Markets are closely monitoring the continued developments in the US-China trade talks, amid conflicting news about the first phase of the trade deal.

President Trump administration on Monday issued new extension by 90 days for the US companies exemption to continue supplying the Chinese tech giant "Huawei" with necessary products.

Otherwise, CNBC quoted a Chinese government source on Monday that the mood in Beijing about a trade deal is pessimistic as Chinese officials are concerned over President Donald Trump denying agreeing to roll back tariffs.

Investors await several key data on the US housing sector later today, which is one of the most important sectors in the country, should the data came positive the US dollar will continue its recovery from the 2-week low.

At 13:30 GMT, the building permits reading will be released, with forectas to hold at 1.391 million in October with little change from the previous reading, and the housing starts is expected to rise to 1.320 million vs. 1.256 million.

European market jumped on Tuesday morning to fresh 4-year high, resuming its broad rally after a puse yesterday, on strong gains in the basic resources and the automotive sectors, despite the conflicting news about the US-China trade talks.

Stoxx Europe 600 rose by 0.6% as of 11:24 GMT, it closed flat yesterday, while it closed higher by 0.4% on Friday lifted by positive developments in the US-China trade talks.

The index opened today's session higher, to resume its gains after a puse yesterday, with most of the major European exchanges and sectors in positive territory today.

The mining and basic resources sector saw the largest gains in Europe with a surge by 1.7%, followed by the automotive sector with a rise of more than 1.5%.

President Trump administration on Monday issued new extension by 90 days for the US companies exemption to continue supplying the Chinese tech giant "Huawei" with necessary products.

Otherwise, CNBC quoted a Chinese government source on Monday that the mood in Beijing about a trade deal is pessimistic as Chinese officials are concerned over President Donald Trump denying agreeing to roll back tariffs.

S&P 500 futures rose by 0.3% today, to hit its all-time high ahead of Wall Street opening, while it closed higher by 0.1% yesterday, its fourth straight daily gain and posted record high at 3,124.17 points.

Back to Europe, the Euro Stoxx 50 index rose by 0.6%, the German DAX rose by 1.1%, and France's CAC 40 rose by 0.4%, while in London, the FTSE 100 rose by 1.2%.

Gold prices fell during the European session on Tuesday, to give up on the 2-week high hit earlier, on increased profit-taking and a rise in the US dollar against a basket of currencies.

Gold prices fell by 0.4% to $1,464.78 an ounce, after opening at $1,471.28, with a session-high of $1,475.30 (the highest since November 7).

The yellow metal rose by 0.2% yesterday, its fourth daily gain in 5 days days, amid higher safe-haven demand after several Chinese statements renewed the market's doubts about the US-China trade talks.

CNBC quoted a Chinese government source on Monday that the mood in Beijing about a trade deal is pessimistic as Chinese officials are concerned over President Donald Trump denying agreeing to roll back tariffs.

The dollar index rose by 0.1% on Tuesday, to head for its first daily gain in the last 5 days, in its attempts to rebound from 2-week low of 97.68 points, which puts pressure on gold and other dollar-denominated metals prices.

Gold holdings at the SPDR Gold Trust, fell yesterday by 4.98 metric tonnes, with a total of 896.77 mt (the lowest since September 18).

Oil prices fell during the European session on Tuesday, to deepen losses for the second straight day, after the rising doubts about the US-China trade talks ebbed the market sentiment, in addition to expectations for a surge in the US crude inventories later today in the American Petroleum Institute (API) preliminary report.

West Texas Intermediate (WTI) fell to $56.42, after opening at $56.85, with a session-high $57.10, and Brent fell to $61.75 a barrel, after opening at $62.22, with a high of $62.55.

WTI closed lower by 1.6% on Monday, on profit taking from a 2-month high of $58.05, and Brent futures fell by 1.9% after hitting the highest since September 24 at $63.62.

CNBC quoted a Chinese government source on Monday that the mood in Beijing about a trade deal is pessimistic as Chinese officials are concerned over President Donald Trump denying agreeing to roll back tariffs.

The long-running trade dispute between the world's two largest economies has negatively affected the global demand outlook in addition to bleak expectations.

The American Petroleum Institute (API) will release preliminary data on the US crude inventories later today, with forecasts for a rise by 1.2 million barrels, while the US Energy Information Administration (EIA) will reveal the official data tomorrow.