Posted by Mark ThompsonThe euro traded at close to $1.3451 in foreign exchange markets today (December 1st) as central banks took action to deal with the ongoing crisis in the eurozone.According to Reuters, the single currency reached $1.3533 yesterday, a one-week high, after dollars loans for the banking systems were made cheaper by institutions in a number of countries.Vice-president at Mizuho Corporate Bank's forex division in Tokyo Masahide Sato stated that by the end of this month the single currency may rise as high as $1.3600.Commenting on the efforts to ease the crisis he suggested they "may be effective in alleviating some of the excessive tensions in the money market"."But the market still hasn't been shown any convincing steps aimed at solving the debt problems," he added.This follows recent comments made to Reuters by Jose Wynne, Barclays Capital analyst, stating "bold measures" need to be taken to save the euro.For more information on foreign exchange treasury services and risk management, visit our Corporate FX site