Commodities and euro advance after court ruling

The euro advanced against the dollar after Germany’s top constitutional court cleared the way for ratification of the European Stability Mechanism.

12th September, 2012

The euro advanced against the dollar after Germany’s top constitutional court cleared the way for ratification of the European Stability Mechanism.

The 17-nation shared currency advanced 0.3 per cent to $1.2897 as of 9:21am.

European stocks also advanced following the news, which sparked gains across a range of commodities. Crude oil rose as much as 0.7 per cent to $97.82 a barrel on the New York Mercantile Exchange, while copper for delivery in three months...

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