EUR/USD is consolidating gains after breaking its downtrend on the short-term charts but it needs to clear 1.4250 as well to make me a believer in the upside. The remarkable lack of bounce in oil prices, trading below $101.00 despite a strong hurricane bearing down on the refining capital of the world is pretty remarkable and suggests a lot of downside to come for crude. Such a scenario could prompt renewed dollar strength next week, assuming the Lehman situation is sorted out satisfactorily. EUR/USD trades in the 1.4185 region.