Money in Motion

Where the Euro Goes From Here


Notice anything different about the euro these days? This trader does.

"I think the euro is back to trading based on U.S. fundamentals, and specifically the fiscal situation," says Todd Gordon, co-head of research and trading at Aspen Trading Group. "Right now we can kind of push Europe off to the side."

Gordon says the ups and downs of the political negotiations are impacting the euro-dollar pair. He points to comments by President Obama, House Speaker John Boehner, and Treasury Secretary Tim Geithner as movers for the common currency.