The Brazilian real continue to set new record highs for 2009 today as risk appetite emerged influenced by a Australian central bank decision to raise its benchmark interest rates, fact which was interpreted as an evident sign of economic improvement globally.
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.
