Brazil Real has had its biggest move in 20 months.

Sunday, 3 April 2011 04:11

The Real has had its biggest move in 20 months. The continual rally is prompting the finance minister to consider new moves to halt the rise.

The currency has moved up 3.4% against the $ since March 28th.

The government is considering an additional tax in the coming days on financial transactions as the IOF tax has not been effective in slowing the rise.