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Reuters) - Copper rose over 4 percent to hit a one-month high on Friday after European leaders agreed on measures to deal with the region's debt crisis and the euro surged,
After all-night talks, the leaders of the 17-nation currency bloc agreed that euro-area rescue funds could be used for sovereign debt purchases without forcing countries to adopt extra austerity measures.
News of the deal triggered a rally in the euro, and the dollar fell against a basket of currencies .DXY. Commodities and equity markets in Europe and Asia jumped. <MKTS/GLOB>
"It was an historic deal and it was positive news for the market, although there are still some shades such as the lack of an increase of the bailout fund," consultant Gianclaudio Torlizzi from T-Commodity said.
"Today's jump, besides being a relief rally, is down to an end-of-the-quarter markup: the improving economic picture has given funds a pretext to pile up on metals."
