Hot dollar | The currency goes up for the fight between USA-C …

The price of the dollar opened the week with a jump of 50 cents from last Friday's closing, up to 46.50 pesos, in a difficult international context due to the resumption of the trade war between the states United States and China and after the heavy defeat Change in the elections of Córdoba. In the wholesale segment, where major players operate for more than a million dollars, the currency advances 80 cents, to 45.60 pesos.

Before the start of the financial day in Buenos Aires, the currencies of Turkey, Brazil and other emerging countries reflected international tensions with increases of 1 to 2% of the dollar. The euro and the rest of the currencies also fell against a dollar that strengthened in the context of the increasingly intense struggle between the United States and China.

The Asian giant announced this morning an increase in customs duties on imports of US products valued at $ 60 billion in response to a similar measure previously taken by the government of Donald Trump, who published in turn a series of tweets in which he warned that China "would suffer a lot" if it does not reach an agreement with its administration. At the same time, the Chinese government complained of "unilateralism and US trade protectionism".

To the international components, on the local square is added the new setback of Cambiemos in a provincial election. The heavy defeat in Cordoba adds tension to the foreign exchange market. Investors are waiting for the Central Bank's response, now authorized by the IMF, to sell currencies and avoid even more brutal devaluations.