Posted by Zeb BhamThe euro has tumbled in foreign exchange markets today (November 15th) to hit $1.3583, down 0.4 per cent on the level seen in New York the previous day.According to Bloomberg, this came ahead of a report by the ZEW Center for European Economic Research in Mannheim, which is expected to indicate that the ongoing eurozone debt crisis has caused investor confidence to plummet to its lowest level in three years in Germany.Commenting on the outlook, BNP Paribas SA in New York's head of currency strategy Ray Attrill stated: "While economic data may pose some risks to the euro, developments in the European peripheral debt market will continue to steer sentiment."Meanwhile, the euro settled at 104.62 yen, after earlier falling to 104.55 yen, a decline of 0.5 per cent and its worst performance in over a month.Yesterday, Michael Turner, RBC Capital Markets' strategist, told Reuters that over the weekend "everything went to plan" for the eurozone, providing it with a boost in foreign exchange trading.For more information on foreign exchange treasury services and risk management, visit our Corporate FX site