Brazilian Currency Climbs After G-7 Meeting

After speculations set the real down last week versus the greenback before the G-7 meeting, now the outcome of world wealthiest nations discussions provided support for higher yielding currencies to grow, favoring the real in foreign-exchange markets.
The Brazilian real touched a one-year high versus the U.S. dollar and gained versus most of the 16 main traded currencies after a G-7 meeting where central bankers downgraded the importance of a strong greenback to provide support for the world economy recovery, creating a favorable scenario for higher-yielding currencies in emergent markets which grew versus the greenback today.
USD/BRL traded at 1.7815 as of 21:23 after touching 1.7700 hours earlier, the highest rate in 2009.
If you want to comment on the Brazilian real’s recent action or have any questions regarding this currency, please, feel free to reply below.