[ad_1]
Linked to the fate of strong movements on the international markets in the face of the overheating of the trade war between the United States and China, the American currency jumped again on Monday in Argentina and was positioned above 46 dollars. before the next Primary elections
From the beginning, the operations showed the upward direction of the greenback: in the retail market, it opened at $ 46.51, with a jump of 63 cents over last Friday. And towards the end, this trend was consolidated and translated into a daily profit of 80 cents, with which the currency was finally offered at $ 44.42 for the purchase and at 46.68 for the home exchange. and to the banks.
In the wholesale sector, the advance was higher (84 cents versus Friday) and the dollar was $ 45.49. "Official sales in the futures segment have followed the upward trend and have been used to soften the first day of the week adjustments," stock trader Gustavo Quintana said.
Monday's increases are directly related to news from China. The Asian giant has devalued the yen, its currency, in response to the decision of US President Donald Trump to apply new tariffs on its products.
A weaker yuan means that Chinese dollar denominated products are cheaper, which would help limit the negative impact of new US tariffs on their competitiveness.
The new chapter of the trade war has forgotten another day in the international markets and Argentina's holdings have again suffered a direct impact.
Near the close, the Buenos Aires Stock Exchange recorded widespread losses and a 1.7% drop in its main index, the Merval, while shares of Argentine companies on Wall Street collapsed until 4 , 9%. (Central port).
In addition, Argentine country risk has risen sharply (7.2%) and has approached the barrier of 900 basis points against the exodus intensified by international investors to seek refuge positions.
ELECTIONS 2019
Bulletin containing the best political information, every Monday afternoon.
The indicator prepared by the US bank JP Morgan, comparing the performance of emerging bonds to that of the US Treasury, remained at 892 units.
.
[ad_2]
Source link