Published by Jamie JemmesonThe euro has kept hold of sharp gains made yesterday (February 16th) as foreign exchange traders adapted their risk management strategies.Reuters reports that the euro pulled up sharply in trading yesterday but is still down around nine per cent on its 2010 highs against the dollar.Meanwhile, support for the dollar also waned as investors expressed confidence in growth currencies such as the Australian dollar.The greenback has enjoyed marked success in recent weeks amid a flurry of forex hedging activity seen as Europe's sovereign debt crisis has deepened.This week, EU finance ministers told Greek authorities the country has until March 16th to introduce a tough fiscal management strategy, or else it runs the risk of losing sovereign control of its monetary policy altogether.With this warning in place, there is a growing sentiment that the euro's slump may now have run its course, according to analysis from Reuters.For more information on foreign exchange treasury services and risk management, visit our Corporate FX site