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Shortly after the start of trading on Monday, the dollar was traded at $ 44.10 for the purchase and at $ 46.10 for sale to the Banco de Banco Board of Directors. the Nación. At noon, it dropped a few cents and sold for $ 45.90, eventually closing at $ 45.70.
Market Analyst Gustavo Quintana remarked that "without formal intervention, the market has found some moderation in price adjustment because of the good revenue stream verified on the date ".
The supply of dollars could control the movement of the big dollar, thus easing a correction that had shown an excess in the local reaction in the first part of the day
– Gustavo P Quintana (@guspaqui)
May 6, 2019
This has happened as a "consensus agreement" between the government, the opposition political parties and other sectors, an initiative supported by commercial entities and that has been well seen in the market. .
On the international scene, the dollar is appreciated after the US president, Donald Trump, threatened via his Twitter account to increase the customs duties of 200 000 million dollars on Chinese products.
In the midst of a trade war and a new dialogue table with a Chinese delegation in Washington, Trump warned that Friday would raise taxes from 10% to 25% on imports of Chinese products valued at $ 200 billion.
For the moment, the outcome of the negotiation is expected and the comment remains in this position. On two occasions, the United States has postponed the dates of rate increases in order to reach an agreement.
The markets have acknowledged the message and that is why the dollar is gaining ground around the world.
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