The euro has been on a roll for the past month or so, with halting progress on the Greek crisis and the end of the seemingly interminable U.S. presidential race. But if you are thinking of getting long the common currency, think again.
"We have only one more week before things turn over as far as risk goes in the financial markets," he told CNBC's Simon Hobbs. "I'm worried about the fiscal cliff. Negotiations look ugly. Also I''m worried about U.S. stocks once they start to go ex-dividend."