Published by Jamie JemmesonA deal for a new bailout plan was confirmed over the weekend, having been reached more quickly than the markets had expected.The announcement of the deal came as a relief to investors, the Financial Times reports, noting that it followed one of the worst weeks for the zone's struggling peripheral economies.Early foreign exchange market activity this week has seen the euro rise against the dollar. The currency may be further affected as more details of the agreement are released.German chancellor Angela Merkel iterated that every member country needs to make a contribution to secure the future of the euro, highlighting the work that those on the zone's periphery need to do to help ensure the single currency's stability.Irish, Greek and Spanish bonds rose following the expansion of the bailout scheme, Bloomberg Businessweek reports. As part of the deal, the terms of Greece's rescue loans have been eased.For more information on foreign exchange treasury services and risk management, visit our Corporate FX site