For more Forex news & info, please visit http://ufx.co/UFXM-youtube... The US Dollar strengthened versus most major currencies as risk appetite grew stronger following S&P's downgrading of the nine Euro Nations' ratings. Those downgrades provided another excuse for the speculative community to add to their short positions. Stocks closed negative as the NASDAQ fell by 0.51% and the Dow Jones fell by 0.39%. Oil dropped by 2.00% to a three-week low on speculation that measures to quell Europe's debt crisis are failing countered Iran's call to Arab suppliers to refrain from supporting a ban on its crude exports, and closed at $99.15 a barrel. Gold (XAU) fell by 0.60%, to close at $1638.00 an ounce. Today, US banks will be closed in observance of Martin Luther King Day.
