Published by Jamie JemmesonThe euro has changed hands at $1.3028 in foreign exchange trading today (December 16th) to end the week on a more positive note.According to Reuters, analysts remained cautious that credit ratings for a number of the region's nations are still at risk of being cut but noted that the currency has been boosted by a successful sales of Spanish bonds.Commenting on the outlook, denior trader at Mizuho Coporate Bank Michiyoshi Kato said: "My sense is that the market is satisfied, having driven the euro below the important $1.30 support level earlier this week."However, he added that in the first three months of next year most people are of the opinion that the currency will hit $1.25.Kumiko Gervaise, analyst in Tokyo at Gaitame.com Research Institute, told Bloomberg earlier this week that if the bond auctions proved unsuccessful then it would likely act as a "selling catalyst" for the currency.For more information on foreign exchange treasury services and risk management, visit our Corporate FX site