Whip it Good: The dollar has been maintaining gains but has backed off steeply in recent trade, with the index skidding off to near 75.10 from 75.45. The index had been whipped higher as concerns over Dubai brought in safety buyers which helped to shoot the yen to its best levels in 14-years even as the region reported deteriorating price and sales numbers. The yen's rocket ride has re-upped chatter over intervention (not going to happen) as officials make noises about "abnormal" and "one-sided" escalation of the currency and were reportedly checking prices (a threat of intervention) (Reuters). The currency was able to pull back to give up 126.91 per euro, its best since late April. The euro was knocked back below 1.4830, but is making marked progress toward the good old 1.50 point. Gold has lost some luster in the turmoil with spot having dropped 5% from recent records, but is scrambling back with spot now 1175.57 (-12.81). Crude has been dropping along with the other commodities, drilling down to near 72.40 off 10.4% from the week's best, now 75.47 (-2.49).