For more Forex news & info, please visit http://ufx.co/UFXM-youtube... The US Dollar strengthened versus most major currencies as risk aversion grew following S&P's downgrade of Italian banks, and in spite of Greece passing the package of cuts needed to complete the next step towards securing the second bailout. Wall Street closed negative as the Dow declined by 0.69% and the NASDAQ by 0.80%. Crude oil fell by 0.90% to close at $99.00 a barrel. Gold (XAU) fell by 0.60%, to close at $1721.00 an ounce. No economic data is expected today.
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