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By Lise Alves, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL – After four days being closed due to the Carnival festivities, financial markets opened in Brazil on Wednesday afternoon a bit pessimistic. By the end of the day, the US currency had registered the highest value of the year against the Brazilian real, up by 2.47 percent at R$3.836/US$1 and the Brazilian bourse closed down by 0.41 percent at 94,217 points.

Pessimism over the prospect of a swift approval of the social security reform as sent by the new administration last month, affected the . . .

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