Wheat prices fell on Wednesday, as the US dollar held steadily against most major currencies, despite the workers' strike in Argentina and the Russian ban on exports.

The Russian government announced a ban on exports of some agricultural goods and grains, including wheat, between January and June of this year, to reduce prices in the domestic market.

Negotiations between government officials and the trade union in Argentina are continuing to end the strike that is now taking almost a month and impacting Argentine exports.

However, there have been rain in some areas in Argentina and Brazil, while analysts expect a forthcoming dry weather.

The dollar index held against a basket of major currencies at 89.4 points as of 21:35 GMT, after hitting a high of 89.8 points and a low of 89.2 points.

Wheat March futures fell 1% to $6.47 a bushel, after hitting a day high of $6.60 and a low of $6.46.

The British pound fell against the US dollar on Wednesday, amid focus on the coronavirus crisis in the UK and a several other countries.

Economic data showed that the UK's service PMI fell to 49.4 points in December, from November's reading 49.9 points.

The coronavirus crisis continues cast a shadow over Britain and Europe, which forced the British Prime Minister Boris Johnson to declare full lockdown until mid-February.

This comes within UK's fight against the new Covid-19 strain, which is spreads more quickly.

Investors are following the US media as thousands of Trump supporters are storming the US Capitol Building to protest against Democratic candidate Joe Biden's victory.

As of 21:34 GMT, GBP/USD fell 0.1% to 1.3614, after hitting a high of 1.3671, and a low of 1.3534.

Gold prices fell on Wednesday, as the US dollar held steadily against most major currencies, amid focus on the political unrest in the US.

Investors are following the US media as thousands of Trump supporters are storming the US Capitol Building to protest against Democratic candidate Joe Biden's victory.

This came after Trump delivered a speech in Washington to a large crowd of his supporters, and refused to concede the election while claiming widespread voter fraud.

US President-elect Joe Biden has called on President Donald Trump to put an end to this siege, which he described as unprecedented in the country's history.

The dollar index held against a basket of major currencies at 89.4 points as of 21:16 GMT, after hitting a high of 89.8 points and a low of 89.2 points.

Gold February futures fell 2.3% or $45.80, and closed at $1,908.6 an ounce, with today’s high at $1,962.5, and the low at $1,902.6.

The major US stock indices rose on Wednesday despite the political unrest in the US, and Dow Jones hit a new milestone today, but the tech sector weighed down on Nasdaq.

Investors are following the US media as thousands of Trump supporters are storming the US Capitol Building to protest against Democratic candidate Joe Biden's victory.

This came after Trump delivered a speech in Washington to a large crowd of his supporters, and refused to concede the election while claiming widespread voter fraud.

US President-elect Joe Biden has called on President Donald Trump to put an end to this siege, which he described as unprecedented in the country's history.

Trump responded with a tweet calling his supporters to return home, adding that the presidential election was stolen, but called for peace and order.

Data showed today that the US private sector has added around 123K new jobs during December, while analysts forecast adding 60K, and in November it has added 304K.

The minutes of the Federal Reserve meeting showed that FOMC members hinted that markets will be provided advance notice before any changes to the $120 billion bond-buying program.

The members agreed that markets will be notified well in advance before the asset purchase program is changed, and the minutes also showed that the economic recovery is stronger than expected.

To the oil market, WTI crude February futures rose 1.4%, and closed at $50.63 a barrel, after hitting a day high of $50.8 and a low of $49.4.

Brent March futures rose 1.4% and closed at $54.30 a barrel, after hitting a high of $54.7 and a low of $53.4.

As for stocks, Dow Jones rose 1.4% or 438 points, and closed at 30,829, with a day high of 31,022, and a low of 30,313.

S&P 500 rose 0.6% or 21 points to 3,748, after hitting a high of 3,783 and a low of 3,705.

Nasdaq fell 0.6% or 78 points to 12,740, with a high of 12,909 and a low of 12,650.