The United States will reduce the additional tariffs it imposed on Chinese imports in April 30% from 145% and Chinese tariffs on US imports will fall to 10% from 125%. The reduction exceeded investor expectations and occurs after the weekend negotiations.
The escalation of the green ticket affected mostly the currency refuge. The dollar advanced a 1.8% in front of the Japanese currency, to 148,45 yen and a 1.4% Before the Swiss currency to 0.845 francs. The dollar index rose a 1.5% in front of a basket of six currencies and reached a maximum of more than a month. Despite this, the currency yielded a 2.2% Since April 2, when Trump He announced generalized tariffs, since his unequal deployment of policies and exemptions shook confidence in US assets.
He eurowho shot in April after investors questioned the prolonged status of the dollar as a world reserve currency, lowered a 1.54% to $ 1,1074. The pound sterling One weakened 1.1% to $ 1,3162, Its greatest daily drop since April 7.
The setback of refuge assets made the prices of the cash in cashwhich reached a historical maximum of $ 3,500 last month and usually move in reverse to the dollar, fell a 3%, to $ 3,225.3 The ounce.
The Latin American coins fell, but the bags resist
In Latin America, the main coins closed with a majority of casualties: the Mexican weight closed almost stable at 19,6345 units per dollar, while the index S&P/BMV IPCcomposed of the 35 most liquid shares in the market, rose 0.4%, to 56,765.58 points.
The Secretary of the Treasury of Mexico, Edgar Amadorhopes that economic growth projections and Fiscal balance By 2025 they are fulfilled, despite the uncertainty generated by commercial disputes, according to an interview published Monday by The Financial TV.
He Brazilian realon the other hand, a 0.4% to 5,6752 per dollarwhile the main index of San Pablo B3 stock Bovespa closed almost stable to 136,563 units.
He Chilean weight backed 1.1%, to 946.55 units per dollarin line with their peers in the region, in the midst of the generalized advance of the American currency. Meanwhile, the main index of the Santiago Stock Exchange, the IPSA climb 1.1%, to a record of 8,326.77 points.
He Colombian weight lost 0.04%, a 4,226.51 units per dollarafter three profit sessions; while the MSCI COLCAP A advance 0.6%, to 1,655.26 points.
The Peruvian currency, the sunit depreciated 0.2% to 3,6589 units per dollar. For its part, the referential of the Lima bag I improved a 1%, to 30,626.09 points.
The keys of the week for international markets
This week, the attention will also focus on the figures of the United States Consumer Price Index (CPI) on Tuesday, and April Retail Sales, which will be published on Thursday, to know the impact of the commercial conflict on the economy and the expectations of new cuts of interest rates by the US Federal Reserve.
On Monday, the operators bet on less type cuts by the FED and the European Central Bank, since the economic perspectives improved after the commercial agreement between China and the United States. He Chinese yuan It reached a maximum of six months, standing at 7,2001 units per dollar.
Meanwhile, geopolitical tensions also seemed to be relieved over the weekend, further supporting the feeling of risk. India and Pakistan announced a high fire after four days of clashes between the nuclear powers that had shaken the markets.
The Ukrainian president, Volodimir Zelenski, declared himself willing to meet with the Russian leader, Vladimir Putin, on Thursday in Türkiye to hold direct conversations. They would be the first negotiations between the two countries since the first months of the Russian invasion of 2022.
Source: Ambito
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