Think the potential European debt plan will give the euro a significant lift? Think again, this strategist says.
Happy days are here again in some corners of the forex market, thanks to talk that a potential fix for the European debt crisis is in the works. But Amelia Bourdeau, director of foreign exchange at Westpac Institutional Bank, says it's a little too soon to celebrate.
The potential increase in firepower for the European Financial Stability Fund "would be a good idea," she told CNBC's Melissa LeeBut some officials, like the German finance minister, have poured cold water on the idea, she said. "The idea will be debated, and that debate typically isn't positive for euro. While the final result could be euro positive, I think it will be a rocky road to get there."