The Brazilian real was one of the most benefit currencies today with the Group of 20 statement indicating that stimulus measures to support the global economic recovery will be extended, increasing risk appetite among traders today that opted for assets in emergent markets.
The Brazilian currency climbed today to the highest level in 2 weeks, flirting once again with the $1.70 psychological level with the the U.S. dollar, as several commodities abundant in Brazil rose following G-20 statements that helped another day of optimism to induce investors to inject capital in the South American nation.
USD/BRL traded at 1.7085 as of 16:38 GMT from an opening rate of 1.7175.
If you have any questions, comments or opinions regarding the Brazilian Real,
feel free to post them using the commentary form below.