The dollar has devalued the dollar and country risk in Argentina

In Latin America, the Colombian peso is quoted with a fall of 2%, the Mexican peso is fixed at 19.60 pesos per dollar with a decrease of 1.44%, in São Paulo, the dollar is worth 3.94 Reais and the Brazilian currency down 1.3%.

Meanwhile, in Chile, the dollar is worth 723 pesos, down 1.3% and in Lima, the US dollar pays 3.38 sun and down 0.67%.

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.

The government worried

President Mauricio Macri badyzed Monday with the "concern" of the national cabinet the impact of the devaluation of the yuan on the market, but believes that the economy of Argentina is "solid" and can maintain the exchange rate with the US Mint

Six days after the open and compulsory primary, the government ensures that it will be able to "maintain a competitive exchange rate" despite "exogenous" fluctuations, in full "trade war" between China and the United States .

That's what Andres Ibarra, Deputy Chief of Staff, and Alejandro Finocchiaro, Minister of National Education, who served as spokesperson for the meeting chaired by Macri at the same time said. Government House.

The importance of the meeting focused on the report provided by the Minister of Finance, Nicolás Dujovne, who gave details on the international situation between China and the United States and the impacts of the markets, doing a "careful monitoring of this problem ", which has this has to do with" the trade war "between the two main powers.

"The advantage of Argentina is that we are facing a strong financial and fiscal program to support these exogenous situations," said the manager.