Dealers report the reemergence of a Middle Eastern account on dips, a name we’ve not seen in a considerable time. When last we saw this particular account buying it was during the commodities bubble of a year ago. With oil at $63.00, perhaps the same mentality that existed a year ago among reserve managers is beginning to take hold again, to the dollar’s detriment. 1.3870/1.3855 remains a formidable support level on dips near-term.