Brazil's real rose during forex trading this morning (August 13th) after the US Federal Reserve kept interest rates unchanged and nodded to data suggesting that the worst of the recession is over.The Fed yesterday declared that it would keep interest rates between zero and 0.25 per cent and pledged to maintain "exceptionally low" rates for an extended period.Emboldened by this announcement, investors began making moves into currency markets, although US equities and oil also rose.Speaking to Bloomberg, Brazil's monetary policy director Mario Toros said that the central bank feels no current need to take positions in the currency swaps market as it is already enjoying strong capital flows.And with a vote of confidence from the Fed, forex traders began making moves into higher yielding currencies such as the real, which witnessed a 0.6 per cent rise by 17:03 Eastern Time yesterday.The Aussie and the New Zealand dollar were also up after the announcement.