For more Forex news & info, please visit http://go.ufxmarkets.com/ReDir.aspx?TLID=18982... The US Dollar strengthened versus most majors as an increase in Italian borrowing costs deepened concern that Europe will struggle to contain its sovereign debt crisis. In addition, Chinese economic data is now visibly cooling. US Treasury bills are poised to shrink the most since early 2010, creating a shortage in debt and helping to keep government borrowing costs near record lows, providing additional tail wind to the American currency. Wall Street closed negative snapping a two day advance as the NASDAQ fell by 0.80% and the Dow Jones by 0.61% respectively. Crude oil declined by 0.80%, closing at $98.10 a barrel. The main concern is that Europe will struggle to contain the debt crisis, which could harm fuel demand. Gold (XAU) fell by 0.45% closing at $1780 an ounce.