what will happen after Monday's rise

The government of United States I consider that China "manipulates the exchange rate" for his devaluation, he approached a record. This reinforces the two Titans' trade war that affects the rest of the world, mainly in open economies facing a currency shortage, such as Argentina.

Depreciation of the Chinese currency to 7 yuan for one dollar to make his products more competitive, he changed the American president, Donald Trump. "China has lowered the price of its currency to a record level. This is called "trading manipulation". Are you listening, Federal Reserve? This is a capital violation that will significantly weaken China over time, "said Verborrágico's president on Twitter.

READ MORE

Country risk climbed above 900 points and Argentine equities fell

A few hours later, the Secretary of the Treasury, Steven MnuchinHe said that he would ask the IMF "to eliminate the unfair advantage in the competition, created by the latest actions of China".

This will again hit the world's currencies, with greater strength compared to those weakened by open trade policies and internal crises. In fact, Argentina's early morning devaluation in Argentina caused the dollar to rise to $ 46.40. A maximum in more than three months.

China has lowered the price of its currency to an almost historic level. It's called "currency manipulation". Do you listen to the Federal Reserve? This is a major violation that will significantly weaken China over time!

– Donald J. Trump (@realDonaldTrump) August 5, 2019

The government could only contain the pressure of devaluation with reserves sales and the new manipulation of the central bank in the future dollar, where it is trying to influence market expectations.

Mauricio Macri The exchange rate has risen by more than 250% since he badumed the presidency, which will benefit agro-exporters and energy sector companies, but he is now pointing all the weapons that he has. He has left him to keep him stable so as not to get more votes out of the primaries. After the votes, we would expect the city to take the quote wherever it wants, which is above $ 50.

China's reaction on Monday was a reaction to the rise in Asian import tariffs that the United States had imposed.