Back Off: The dollar was brought back down with the index back to the sticky 76.30 after its early run to 76.80 while retaining some gains on the euro and getting stalled on the yen near the 90.30 level. The euro was battling to hold over the 1.47 handle late while also grinding back against the yen to hang near 133.00 per from near 132.00. On the big red letter day in gold, WSJ notes India's buying from the IMF was done from Oct 19 to 30 at near record high prices as central banks are looking to diversify. Some note gold is also getting some cyclical year-end buying and basic, black-box, technical action. Another input is that if, somehow, tomorrow the FOMC does anything major in the statement there will be a rush to safety and inflation cover (although any changes will be cause for at least a brief explosion in trade). Crude was able to pull better to settle 79.60 (+1.47) as demand expectations were fueled. Trade should, should, chill some with all the central bank activity over the next few days, with so many moving parts in play, all bets are off.
