Published by Jamie JemmesonForeign currency exchange rates for the euro declined to $1.3513 in markets today (November 21st).This was down 0.1 per cent from the level seen in New York late in the day and lower than $1.3614 seen on Friday, reports Reuters.Commenting on the outlook for the muti-nation currency, senior analyst at Bank of Tokyo Mitsubishi UFJ Minori Uchida said: "Essentially the euro needs a stronger European economy so as to reduce fiscal deficits. For that to happen, the euro has to fall."Foreign currency exchange trading could also be impacted by Greece, which is currently hoping to persuade the European Union and the International Monetary Fund to provide it with the finances to help it avoid defaulting on its debt next month.Last week sterling was given a boost in markets as the Office for National Statistics revealed sales increased by 5.4 per cent in October, in comparison to the same period last year.For more information on foreign exchange treasury services and risk management, visit our Corporate FX site