Oil remains down on the day but dealers have taken notice of a report from oil services firm Baker Hughes that damage from Gustav could approach Katrina levels.
Also weighing on the dollar are more lousy auto sales from Ford. They were down 15.8% in August which was actually better than expectations. Uggh.
EUR/USD trades at 1.4495, up from 1.4450. Lower US bond yields are contibuting to the dollar dip as well.
