USD: Re-Loading Longs. Bullish. We remain bullish on USD and are slowly re-adding to our long positions. Chair Yellen’s recent comments suggest ‘patient’ could be removed from the statement in March, but we do not take this as a sign that the central bank will hike in June. However, tighter monetary policy has never been the key driver for our bullish USD call. Instead, we believe that growth differentials and investment opportunities in the US economy should boost the dollar. EUR: Focus Back on ECB. Bearish. Greece risks seem to have tempered somewhat with an agreement in the works to extend funding for several ... (full story)