The Euro, sitting at $1.2936 against the US dollar, is the highest it has been in four months.  This follows a German Constitutional Court approval of German rescue and maintenance of the Euro.

The conditional approval has lowered fears for the region’s debt problem.

This new perspective has lifted global stock values and has also reduced Italy and Spain’s costs to borrow.

Source Euro advances to four-month highs vs. dollar on German ruling | Reuters.