Published by Jamie JemmesonThe euro has gained versus the US dollar in foreign exchange trading this morning (November 28th) as analysts believe steps are being taken that may ease the eurozone's debt crisis.According to Bloomberg, at 06:55 GMT the multi-nation currency was at $1.3299, a 0.5 per cent improvement in fortunes.Commenting on the changes in a client note, Brown Brothers Harriman & Co's chief currency strategist Marc Chandler said: "We continue to expect corrective gains in the euro will be short-lived and subject to headline risks. We still believe that the $1.29 year-end target for the euro is reasonable."The news source noted that a report in Italian newspaper La Stampa stated that the International Monetary Fund (IMF) was prepared to offer Italy a €600 billion loan in the event the debt situation gets worse.However, Mr Chandler suggested this is not likely to be the case as the IMF does not have that level of funding available.Last week the euro was hit by an auction of German bonds, which produced worse-than-anticipated results.For more information on foreign exchange treasury services and risk management, visit our Corporate FX site