The dollar today: the currency passed through the global jolt and closed slightly higher despite the dispute between the United States and China

The dollar started Monday $ 45.30 on the wholesale market, with an increase of 50 cents from Friday, at the pace of the overall appreciation of the US dollar, as the trade dispute between the US and China intensifies. However, at the time of the closing of the currency, some of the climbing had been reversed and ended with a moderate rise taking into account the international factor.

The average established by the Central Bank (BCRA) from the retail prices of the various entities of Buenos Aires indicated that the closing of Monday was in progress. 46.39 pesos for sale and 44.17 for the purchase, reflecting a up 35 cents as for the value of Friday.

At Banco Nacion, the retail dollar has risen by 50 cents, to $ 46.30 at the start of the day, but peaked at 46.10 pesos, accompanying the variation of the rest of the banks.

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 this morning. Even China devalued its own defensive mechanism to restore competitiveness after Trump's tariff increase.

This hit the domestic market with a rise in early wholesale trading. The Argentine peso has moved in phase with the real and other currencies of the region, which has been a good sign for the local economy.

The salient fact is that in the first two calls for bids in dollars, the Central Bank has not been able to complete the 60 million euros. and he had a rest $ 3 million without a sale, which he executed – out of the remaining $ 27 million – at 2:56 pm at a price of $ 45.10. The second was at 2:45 pm for $ 27 million at $ 45.22 and the first at $ 12 to $ 45.50. On average, the price was $ 45.36.

The country riskin this context, has regained ground. After losing 900 points in the previous days, the 930 units were exceeded Monday noon.

On Friday, the dollar closed with a 1% drop in the country, with a greater supply of foreign currency by exporters and the tacit presence of the Central Bank, which can intervene in the market to ease volatility and contain only the rise of the dollar with future contracts.

Over the weekend, Central Bank President Guido Sandleris met with his US Federal Reserve counterpart Jerome Powell in the midst of rumors that a "quick fix" would force the government to hold the dollar in crisis. the elections: an exchange exchange with the Fed, which would add a more dissuasive volume to the reserves.

The auction of the Leliq by the BCRA, where 217,215 million won resulted, terminated its allocations with a total of 195,711 million at a rate of average of 71,743%, leaving 21 504 million pesos without renewal.