Published by Zeb BhamThe euro was down against the dollar and the yen in global forex trading this morning (July 23rd), weighed down by concern about the upcoming results of the European bank stress tests.Due to be published at 16:00 GMT, the results are expected to show areas of weakness in the eurozone economy.Spanish newspaper El Pais raised early alarm bells with a report that several savings banks in the country had failed the tests.However, Jun Kato, senior manager of the investment department at Shinkin Asset Management, told Reuters that forex dealers had reacted calmly to the report, adding that overall, results are expected to show strength in the eurozone banking system."Unless test results show a surprisingly big number of banks needing surprisingly large amounts of money to mend their health, the results are expected to be euro supportive," he said.Prior to the Spanish newspaper report, the euro had proved resilient against losses and was clinging to gains made against the dollar on Thursday.For more information on foreign exchange treasury services and risk management, visit our Corporate FX site