Published by Jamie JemmesonThose conducting foreign exchange trading for the euro may find the rates are impacted as the market awaits an anticipated interest rates cut from the European Central Bank today (December 8th) and the outcome of a meeting between European leaders in Brussels.According to Bloomberg, the single currency was at $1.3412 17:00 local time in New York yesterday, up 0.1 per cent on the previous day and an improvement on the decline of 0.4 per cent seen earlier that day.Commenting on the situation, head of US currency sales at Mizuho Financial Group Fabian Eliasson stated that a natural stance is likely to be favoured by most at present."You really have a lot of uncertainty in the market before the meetings that are coming up. I don’t think anyone wants to take up positions going into that," he said.This follows comments made to the newswire earlier this week by Kengo Suzuki, manager of the foreign-bond department in Tokyo at Mizuho Securities Co, suggesting that the market is optimistic plans to resolve the debt issues in the eurozone will be put in place.For more information on foreign exchange treasury services and risk management, visit our Corporate FX site