MARKET TALK: Plenty of Room To Sell The Euro, Newedge Says

The euro could easily fall to its January low of $1.2625 within the next month as investors shift into the dollar with US data improving, says George Dowd, head of Chicago foreign exchange at Newedge USA. "I'd prefer to buy dollars against the euro," he said. "The bear trend for the euro is still intact." ISDA's decision to put off a CDS trigger for now will weigh on the euro, while markets will look to US data and comments from the Fed for signs of whether more monetary easing is coming, he said. The euro was at $1.3323, little changed from late Wednesday, according to EBS via CQG.