Same old song and dance today, apparently. Asian central banks were said to be particularly active buyers of dollars overnight and have been buyers of EUR, AUD and JPY during European hours and into NY. Steady demand has been seen on dips in commodity currencies from those accounts today.

EUR/USD dipped into the high 1.36-teens after hawkish comments from Richmond Fed president Lacker, who would like the Fed to reevaluate completing QE2 in light of improvement in the economy since the program was launched.

EUR/USD is already back to 1.3635. mostly likely as a result of central bank demand for reserve diversification.