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By Jay Forte, Contributing Reporter

RIO DE JANEIRO, BRAZIL - Since last Friday, when the news broke that Brazil's former president Lula was a target for federal prosecutors in the mega money laundering investigation, Operação Lava Jato (Carwash), the local currency has made a rally. The Brazilian real has posted an increase of 9.04 percent for March, and of 7.77 percent for 2016, and ended Thursday (March 10th) sold at R$3.641/US$1, up 1.5 percent.

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