The dollar is selling 46, 20 pesos to Posadas

This is the average value of the currency in the exchange offices of the missionary capital. In Buenos Aires, the dollar started Monday at $ 45.30 on the wholesale market, with an increase of 50 cents from Friday, at the pace of the global appreciation of the US currency, while the trade dispute between the United States and China intensifies.

At Banco Nación, the retail dollar rose 50 cents to 46.30 dollars.

China's decision to raise tariffs on products of US origin in response to the tax increase announced by US President Donald Trump last week has warmed the trade war and affected the financial markets .

Emerging market currencies depreciated against the dollar on Monday morning. Even China devalued its currency as a defensive mechanism to regain its competitiveness after Trump's rate hike.

This hit the domestic market, with an increase in the first wholesale negotiations.

On Friday, the dollar closed with a 1% decline in the country, with a greater supply of foreign exchange from exporters and the tacit presence of the Central Bank, which can intervene in the market to ease volatility and, for the moment, only it contained the rising dollar with future contracts.

Source: House Arroyos de Cambio – TN