# Dollar creeps toward 46 pesos amid growing US-China tensions | Buenos Aires Times

> The Argentine peso weakened toward 46 per US dollar on May 6, 2019, after losing nearly nine percent the previous week following a poll that suggested President Macri could lose October's runoff. Global markets fell after Trump threatened to raise tariffs on $200 billion of Chinese goods, and the yuan dropped about 1.3% at one point, its steepest fall in more than three years.

- Date: 2019-05-06 · published 2019-05-06T12:00:00.000Z
- Category: macro · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/59364-dollar-creeps-toward-46-pesos-amid-growing-us-china-tensions-buenos-aires-times
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

Trade-war risk is pushing emerging-market currencies lower against the dollar, and a weaker peso raises the local cost of imported feed inputs for Argentina while reducing export competitiveness for its soymeal and corn sales.

## Read by commodity

- USDARS: bullish ▲

## Sources

- batimes.com.ar: https://batimes.com.ar/news/economy/dollar-nears-46-pesos-amid-growing-us-china-tensions.phtml

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.