The euro has had a nice move up on reports of actual progress by European leaders on the debt crisis. But this strategist has other ideas.
Someday, somehow, European leaders may finally solve the debt crisis. The moves in that direction today have been enough to lift the euro - but Todd Gordon, co-head of research and trading at Aspen Trading Group, thinks there are better currency opportunities out there.
Gordon told CNBC's David Faber that the euro has risen less than several risk-on currencies, notably the Australian dollar. Markets "certainly had a good upside reaction today in the euro" he says, but while the euro is up roughly 1%, "this liquidity has been funneled into commodity and commodity-associated currencies like Australia. Australia is up about 3%."