The dollar has devalued the dollar and country risk in Argentina

The situation occurred after the devaluation of the Chinese currency, the yuan, to 7.30 units per dollar in the middle of the trade war with the United States, reaching its lowest level since 2010.

The value of the Chinese currency fell on Monday against the dollar, fueling speculation on a measure premeditated by Beijing to promote its exports in the middle of the trade war with the United States. This symbolic threshold of seven yuan to one dollar has not been reached for nine years.

The differential is at such disparate levels just four days after the latest threats of US sanctions against Chinese products.

Dollar effect

Last Friday, the US currency closed at 43.62 pesos buyer and 45.88 pesos seller, according to the average daily performed by the Central Bank. In some banks, that day, the price reached more than 46 pesos.

During the past week, the currency has accumulated a rise of 1.37 pesos, due to the poor external climate and uncertainties caused by the proximity of the primary elections.