Think the euro's had enough of a fall? Think again, this strategist says.
Jens Nordvig, global head of G10 FX strategy, has been strongly bearish on the euro through all the ups, downs, and sideways moves of the year. Now that it's moved below 1.30 against the dollar, some investors are nervous about staying negative - but Nordvig thinks the single currency has a ways to go.
"After this EU summit, it's very clear that even if there is some debate about the long term, there is very, very little to solve our short term problems," he says. "That has opened the way to a much more fast-paced move."