Published by Mark AckroydForex dealers may be impacted by the news that a meeting between European finance ministers, scheduled to take place in Brussels today (October 26th), has been cancelled.The hold up may cause a delay to an effective resolution for the ongoing economic crisis in the eurozone, although emergency discussions between heads of government - including French president Nicolas Sarkozy and German chancellor Angela Merkel - will take place.US Treasury secretary Timothy Geithner is quoted by Bloomberg as calling on leaders to implement a plan that brings an end to Europe's debt issues."They're saying a lot of the right things and they're clearly working on it and they're moving with a greater sense of urgency," he said.Mr Geither added that despite this it remains "hard to evaluate" until a set plan is unveiled.According to Reuters, the multi-currency opened the day little changed at $1.3905, meaning it remains below Tuesday's six-week best performance versus the greenback - $1.3959.Analysts from BNP Paribas suggested that due to the fact the market had already considered that the meeting may hold little positive results the multi-nation currency is unlikely to be too badly affected in forex markets.They stated: "In fact, given the recent price action and market reaction to mere speculation, a sheer commitment from policy-makers may be enough to ignite a fresh risk rally. $1.4000 before the weekend remains viable."The fortunes of the euro were also boosted by news relating to the US economy, which indicated that in October confidence among the nation's consumers dipped to a two-and-a-half-year low.Following this, the currency traded at 75.73 yen, a record low, before moving to 76.02.Earlier this week, Barclays Capital currency strategist Raghav Subbarao suggested the British pound may be "vulnerable" in foreign exchange trading versus the US dollar in the near future.For more information on foreign exchange treasury services and risk management, visit our Corporate FX site