FXstreet.com (Córdoba) - Greenback is falling across the board while stocks, gold and oil are rising sharply. Main stocks indexes in the U.S. are up more than 1.50%. In Europe equities are gaining on average more than 2.20%. Gold holds above $1040 a/oz.

EUR/USD rose to 1.4762 posting a fresh intra-day high. GBP/USD is moving with an upside bias and is consolidating on top of 1.5900. The Pound is not rallying with stocks and remains stable against the rest of the currencies, after falling sharply during the European session. USD/CHF plunged from 1.0315 to 1.0235. The pair is heading toward the 1.0200 zone.

Dollar is also falling against the Yen. USD/JPY started to rise after finding support at 88.60. But the recovery faced resistance at 88.90 and the pair regained the downside.

AUD/USD continues to rise and the pair is back above 0.8900 for the first time since August of last year.

Andrew Wilkinson, Analyst at Interactive Brokers, comments: The dollar suffered as a result of today's fanciful story (Persian countries laying the foundations for a plan to exclude the role of the dollar in the pricing of crude oil.) and spurred various other actions into play. Commodity prices rallied. The price of copper rose having faced five consecutive weeks of lower closing prices. Gold was the most notable mover based on the article. Of course if the dollar is set to go out of fashion, demand for alternative hard assets might explode. Shares in commodity producers helped bolster global stock markets while crude oil prices reversed Monday's losses as investor's worried over the dollar's prospects.

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