Country risk increased by 9% and exceeded 900 points | Chronic

Country risk, an economic indicator that measures the measure of investor confidence or mistrust, surged on Monday in our country and climbed to 902 points. This is the highest figure of the last two months.

The world economy has been shattered by the sharp devaluation of China's currency, which has remained at its lowest level in more than a decade, at 7.30 units per dollar, and has had a significant impact. in global markets.

The devaluation of 1.5% was endorsed by the central bank and the Chinese government led by Xi Jinping, responds to the trade war between Washington and Beijing. The United States extended tariffs on products of Chinese origin and caused losses on all stock markets.

READ ALSO: The devaluation of the yuan hit hard in Argentina: the dollar jumped 2%

On the other hand, the expectations for the STEP to be held this Sunday where, according to polls, a couple election between the ruling party and the opposition are also behind the l '39. market instability.

In addition, the dollar jumped 2% and upset the electoral climate six days after STEP. The retail exchange rate jumped 79 cents to 46.68 dollars in the average Buenos Aires bank and the wholesaler climbed 84 cents to 45.49 dollars.

The jolt had the momentum of the devaluation of the yuan and the additional local source of being the most vulnerable emerging economy in the world.

The currency's rise occurred despite the fact that the central bank intervened on the futures market and validated a further rise in the rate.