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Brazil’s Stock Market Surges as Economy Minister Announces Priorities

By Lise Alves, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL – The U.S. dollar closed down on Wednesday by 1.69 percent in relation to the Brazilian real as the country’s stock market registered a record high of 91,012 points. Market are optimistic with as Brazil’s new Economy Minister, Paulo Guedes, revealed that the government’s priorities will be the opening of the economy, privatizations and the reform of the Social Security system.

"After 30 years of left-center political alliance, we now have one in which we are conservative in customs, and liberal in the economy . . .

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