The dollar the day began This Friday with a downward trend and ended its trading movements along the same lines.
The currency was trading at a low of $ 782 at its opening. Then, she had bullish bounces that put her at $ 790.
Finally closed this Friday in $785.
Sebastián Espinosa, Market Analyst at XTB Latam, commented that the green bill at the international level is marked by new statements by an official from the Chinese Ministry of Finance “in which he announced upcoming measures such as new tax cuts, relaxation of rates and greater vigilance to fiscal changes ”.
A few weeks ago, the Chinese government said it was willing to apply measures “that help a” healthy rise “in the stock market,” he added.
Regarding the latest tensions between the United States and China, new information was added: cross declarations, accusations to companies and the North American State confirmed sanctions to firms of the Asian giant.
On the other hand, the dollar index showed new signs of weakness in the North American currency, falling just over 0.35% and definitely losing 96,000 points.
At the local level, lastly, Espinosa maintained that next week what the Senate determines regarding the 10% withdrawal from the AFP funds, could affect the exchange rate in the short term “Probably looking for the $ 780 floor or even the $ 760 floor.”
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