The US dollar has hit a 15-year low against the yen after the G20 nations agreed to avoid a currency war.
Weekend talks in South Korea, saw the group of 20 major advanced and developing nations, agree to avoid competing to lower their currencies.
The meeting sparked another fall in the US dollar, which fell 1% against the yen to 80.52 yen.
The lower dollar also boosted the price of metals. Base metals rose by an average of 2.5% in London trading.
Copper was at its strongest since peaking at a record in July 2008, reaching $US8,549 per tonne. Lead and zinc hit their highest in nine months.
The BBC reports the dollar is being undermined in part by the view that the United States will start a new round of Quantitative Easing. QE has the effect of pumping money into the economy.
A lower currency can help to boost a country's exports by making the goods relatively cheaper to foreign buyers.
At the weekend, US Treasury Secretary Timothy Geithner said he believed China was now "committed" to allow the yuan to rise in value.
Earlier this year, China promised greater "flexibility" in its currency approach, but since then the yuan has only increased slightly in value.
Many US analysts say the yuan remains undervalued by as much as 20%.