Published by Mark Smith-HalvorsenThe euro rose slightly against the US dollar in foreign exchange markets today (September 29th) to settle at $1.3618.However, forex dealers may be remaining cautious as, according to Reuters, in the last quarter the single currency has tumbled by around seven per cent in trading against the greenback.At the end of June, the euro was at $1.45, but concerns that the problems in Greece could potential spread to other nations, including Spain and Italy, have caused some to predict that further falls may still be seen.Head of Australia and New Zealand research at Barclays Capital Gavin Stacey suggested: "The euro is most likely to continue its trend deterioration until it gets really bad, forcing a resolution to come."Analysts may gain further clues later today, as a vote to approve new measure to attempt to tackle the ongoing economic situation in the eurozone is due to take place.The newswire noted that despite the steps being widely expected to gain approval, they are also likely to highlight the uncertainties that remain in the region, which are causing some to worry that a new worldwide financial crisis is a possibility.Commenting on the shared currency's outlook, analyst at CMC Markets in Sydney David Land said: "It seems periods of optimism are getting shorter and the pessimism is getting longer."This is being driven by the clear realisation that while there are many plans as to how to deal with the Euro situation, the reality of getting agreement will be that much harder."Earlier this week, Wolfgang Schauble, the German finance minister, stated that the AAA sovereign debt ratings of European Commission member states may be negatively affected if the current European Union lending limit was extended beyond €440 billion through US funding, Daily Telegraph writer Ambrose Evans-Pritchard reported.For more information on foreign exchange treasury services and risk management, visit our Corporate FX site