--Positive outlook for Greek debt deal boost financial markets at the open --Threat of Brazilian Central Bank intervention could limit real's strength --Brazilian real opens trading at BRL1.7187, weaker from Tuesday's close at BRL1.7193 By Jeff Fick Of DOW JONES NEWSWIRES RIO DE JANEIRO (Dow Jones)--Brazil's currency was stronger at the open Wednesday as the outlook for the latest in a series of deals to bail out debt-saddled Greece brightened, lifting global currencies against the U.S. dollar. The real currency tracked gains in the euro, which jumped to an eight-week high against the greenback, that helped boost commodities prices, a key driver for the Brazilian currency. Brazil is one of the world's leading exporters of such items as iron ore, orange juice and soybeans. The real opened at BRL1.7187 to the U.S. dollar, according to Tullett Prebon via FactSet. That was stronger from Tuesday's close at BRL1.7193. Optimism was buoyed to start the session as Greece appeared on the verge of a resolution to restructure its debt load, with indications that the European Central Bank will exchange Greek bonds for the European Financial Stability Facility bailout fund. The bailout fund would then retire the bonds, easing Greece's massive debt burden. The latest news raised hopes that the debt exchange would be completed in time for Greece to receive a EUR130 billion tranche of aid in March. In Brazil, meanwhile, heavy inflows as local companies launch overseas debt issues raised concerns that the Brazilian Central Bank could once again embark on dollar purchases from the spot market. Brazilian companies have found international investors hungry for bond issues, with state-run energy giant Petroleo Brasileiro (PBR, PETR4.BR) and telecommunications powerhouse Tele Norte Leste SA (TNE, TNLP4.BR), Oi, tapping global credit markets in recent days. Privatization of Brazil's airports earlier this week will also mean an influx of dollars, traders said. The overseas action "only serves to increase the feeling in the market of imminent action by the government to avoid an even greater appreciation of the real," said Miriam Tavares, foreign-exchange director at AGK Corretora de Cambio, in a note to clients. The central bank jumped into the market on Friday and Monday to sop up excess dollar liquidity and limit the real's gains, and there is growing sentiment that the bank is poised to act to undermine the real's recent appreciation. Market players will keep a close eye on foreign-exchange inflows when the latest weekly figures are released halfway through Wednesday's session. -By Jeff Fick, Dow Jones Newswires; 55-21-2586-6085; Jeff.Fick@dowjones.com

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