In monitoring the dollar – it is hitting near-term lows against multiple currencies, Euro, Australian dollar, Brazilian real, etc. Clearly investors are thinking that economic conditions are improving and are more willing to take on risk. Yesterday, confirming this thought, Bernanke said the recession is likely over, causing the dollar to slide. Also, retail sales exceeded expectations, another sign of economic strength in the US. There is no reason to get out of this trade. Still long EUR / USD.