Published by Mark Smith-HalvorsenThe euro staged a comeback yesterday (May 21st) and has continued to rise this morning ahead of a meeting of EU finance ministers later today.Analysts anticipate that participants will vote to take further action to contain the European debt crisis, above and beyond the potential €750 billion deal agreed between the EU and the International Monetary Fund.Speaking to Bloomberg, Yoh Nihei, a Tokyo-based trading group manager at Tokai Tokyo Securities, said: "European officials are likely to discuss more steps to stave off the crisis. It's positive for the euro."The euro has lost 5.2 per cent so far this year against its major counterparts, but it is currently headed for the biggest weekly gain seen in more than eight months against the dollar, and is also moving further from a nine-and-a-half-year low against the yen.The yen was also climbing against major competitors in foreign exchange trading this morning, while commodity-linked currencies such as the Canadian dollar were on the decline amid meagre prospects for global economic growth.For more information on foreign exchange treasury services and risk management, visit our Corporate FX site