Dollar today: the currency has returned to spend 46 dollars in the midst of trade tensions between the United States and China

Trade tensions between the United States and China and the payment of a local bonus will add seasoning to the exchange rate on Tuesday, after the central bank surfed without problems over the sharp drop in Asian stock markets on Monday, provoked by a series of Donald Trump's tweets that revived the conflict between the two economic powers.

The US dollar started trading in the wholesale segment, at $ 44.90, and ended the day in $ 45.33. This increase was reflected at the retailer: at 11:20, Banco Nacion (BNA) sold foreign currency to $ 45.90 and 15 closed $ 46.30, with a rise of 60 cents from Monday.

The average rate of contributions from the Central Bank ended the day at 46.36 dollars, about 40 cents more than the day before.

The Central Bank (BCRA) has presented liquidity letters (Leliq) in the amount of 215,203 million dollars at the benchmark rate of 73.242%. It also granted 30 million USD of the IMF loan of an average amount of 44.8797 USD, then a similar amount to 45.08333 USD.

This Tuesday, there was an extra spice: the coupon of Bonar 24 amortizes this day 1630 million dollars between capital and interest. The same thing is paid in dollars, that is to say that it should not add more volatility to that existing in the market, although the Treasury reopens the offer of Letes in dollars in July – before the PASO – so that the holders of this coupon Return the benefits of this financial instrument.

In this context, country risk increased slightly, reaching 916 basis points.

On Tuesday, emerging market currencies continued to depreciate against the dollar. These movements affected the Argentine peso more strongly, but this additional dose of volatility was not noticed on Monday. Analysts and traders agreed that the warning that the central bank could intervene in the market below the floating ceiling to contain the sudden movements was enough to deter the market, in liquidation period of the gross harvest and of larger currency flows.

Chinese Vice Premier Liu He will attend a new round of trade talks with the United States in Washington on Thursday and Friday, despite the frictions of recent days, the Asian Trade Ministry said.

The unexpected announcement by US President Donald Trump on Sunday that he would apply new tariffs on imports of Chinese products had created uncertainty about China's participation in the new talks in Washington.