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 have any questions, comments or opinions regarding the Brazilian Real, feel free to post them using the commentary form below.