Dollar: pay attention to STEP, the market turns to the United States and China

The main novelty of the trade war is that the US president, Donald Trump, cooled the possibility of a quick fix. The president said that his country "is not ready" to reach an agreement with the second world power.

"We are talking to China, but we are not ready to reach an agreement, we will see what happens." Before heading to New York, Trump told the press at the White House, where he announced that he would also terminate negotiations with the technology company Huawei.

Peace between the two countries is strongly expected by all emerging economies, while the devaluation of Monday's yuan hits hard. The most battered currency was once again Argentina.

That's why China It has devalued its currency for at least the last eleven years, in response to Trump's rise in tariffs on Asian giant products by 10%, worth $ 300,000 million next month.

The markets in Argentina could again suffer from these developments in the international setting, although the main impact comes from the OSP. Is Friday the stock market had an unexpected reaction: it rose 7% and country risk fell by 3%, but the dollar remained stable.

Several hypotheses have been put forward as to the cause of this increase, although it was mainly attributed to the diffusion of surveys directed towards certain investment funds which strongly influenced the stock market.