The euro may fare better than other G8 currencies in the market this year, despite its faltering start, according to strategists at HSBC.The euro recently fell to the lowest levels in over 15 months against the dollar and the pound, and an 11-year low against the yen. Despite this, HSBC believes the future looks rosier than many are making out.The bank, which ranked sixth last year in a benchmark poll of leading currency-dealing banks by market share, reported in the Wall Street Journal that it expects the euro to end the year at $1.44 against the dollar, 16 cents above current levels. It also expects the currency to rise to GDP0.90 against the pound and Y107 against the yen.The team of strategists, headed by David Bloom said in a report: "Unless one is prepared to assign a high probability to a euro break-up and default, it is difficult to see the euro weakening much in coming months.""In our view, a gradual move towards a resolution is the most likely outcome, and as the news flow becomes less negative then the euro is more likely to rise than to fall in coming months," HSBC added.For more information on foreign exchange treasury services and risk management, visit our Corporate FX site