The US dollar fell against most of its peers on Wednesday, after holding earlier in the session, as investors focused on stocks and other risky assets, amid focus on corporate earnings results.

Alphabet, the parent company of the search engine Google and Microsoft reported yesterday strong profits and revenues in the third quarter, thanks to the cloud services and online advertising.

This came after Facebook, Tesla and Netflix also reported profits and revenues that topped analysts' expectations.

Data showed that the US durable goods orders index fell 0.4% in September, better than forecasts of a drop by 1.1%, and the core reading rose 0.4% in September, on par with forecasts.

The US goods trade balance recorded a deficit of $96.3 billion last month, more than forecasts of $88.2 billion.

The dollar index fell against a basket of major currencies 0.2% to 93.7 points as of 18:00 GMT, after hitting a high of 94.01 points and a low of 93.7 points.

Oil prices fell during on Wednesday, after the US inventories data showed an unexpected rise.

The Energy Information Administration reported today that the US crude inventories rose 4.3 million barrels to 430.8 million barrels during the past week, while analysts forecast a drop by 100K barrels.

While the American Petroleum Institute reported yesterday in preliminary data that the US crude inventories rose 2.3 million barrels during the same period.

The dollar index fell against a basket of major currencies 0.2% to 93.7 points as of 15:41 GMT, after hitting a high of 94.01 points and a low of 93.7 points.

As of 15:38 GMT, WTI crude November futures fell 1.7% to $83.2 a barrel.

Brent December futures fell 1.7% to $84.8 a barrel.

Palladium prices fell on Wednesday, dropping below the $2,000 barrier, despite the US dollar's slight drop against most of its peers.

This came amid concerns over the weak global supply of industrial metals such as platinum, palladium and nickel, while demand from the steel industry continues to increase, in addition to its usage in the manufacturing of electric car batteries.

Palladium is heavily used in the manufacturing of car components that reduce polluting emissions, and also in the manufacturing of electric cars, and demand has increased in recent years due to efforts to combat the global climate change.

The dollar index fell against a basket of major currencies 0.2% to 93.7 points as of 13:58 GMT, after hitting a high of 94.01 points and a low of 93.7 points.

Palladium December futures fell 1.4% to $1,976.5 an ounce as of 13:58 GMT.

The Energy Information Administration reported today that the US crude inventories rose 4.3 million barrels to 430.8 million barrels during the past week, while analysts forecast a drop by 100K barrels.

Gasoline stocks fell 2 million barrels to 215.7 million barrels, and the distillate stocks fell 400K barrels to 125 million barrels.

While the American Petroleum Institute reported yesterday in preliminary data that the US crude inventories rose 2.3 million barrels during the same period.