Oil longs put in place in front of the long weekend are heading to the exits in a rather hurried fashion as the impact of Hurricane Gusev fails to measure up to the worst case scenario. With Oil currently trading below $106 a barrel, the lowest level since mid-April, it’s no surprise to see the Dollar well bid across the board. Eur/Usd has taken out options at 1.4500, despite Russian buying seen in the 1.4520 area. Cable continues to plummet, testing bids at 1.7850, a 29 month low, but reserve managers have been seen buying at this level earlier in the session.