Regional bags and currencies rise due to lower risk aversion | America Economy

Santiago.- Most of the region's currencies and stock exchanges closed on Friday, amid reduced risk aversion, the announcement of a new round of meetings between the United States and China over the long trade dispute of the first two economies of the United States. world.

* To this were added on Friday measures announced by the Asian country aimed at propping up its economy and the hope of new announcements.

* The central bank of China said on Friday that it was cutting the amount of cash that banks should keep as reserves for the third time this year, releasing a total of 900 billion yuan ($ 126.350 million) in liquidity to underpin an economy in slowdown.

* The Mexican peso traded at the close with an increase of 1.14%. The benchmark S & P / BMV IPC index that brings together the 35 most liquid firms on Friday fell a marginal 0.06% but scored its third consecutive weekly gain.

The Brazilian real advanced 0.72%, to 4,0804 units per dollar, while the Bovespa stock index closed the day with an advance of 0.62%.

* The Colombian currency closed on Friday with a rise of 0.69% at its highest level in a month, completing a 2.5% appreciation in the week. In the stock market, the COLCAP index closed stable.

* "The most interesting movement of the week was the loss of value of the dollar against strong currencies, and especially against Latin Americans of about 3%, the most pronounced since the first week of March 2016," said Julian Cárdenas, economist of the AFP Protection.

* The Chilean peso traded at 712.00 / 712.30 units per dollar, with a rebound of 0.44% and a weekly advance of 1.33%.

* Meanwhile, the main index of the Santiago Stock Exchange, the IPSA posted a marginal rise of 0.12%, to 4,823.57 points.

* The Peruvian currency climbed 0.62% and scored its best level in five weeks, with a weekly rebound of 1.7%, while the benchmark of the stock market closed with a drop of just over 1%.

* The Brazilian real advanced 0.72%, to 4,0804 units per dollar, while the Bovespa stock index closed the day with an advance of 0.62%.

* In Argentina, the wholesale weight rose 0.39%, without the intervention of the Central Bank and accumulated a weekly advance of 6.63% in the first week of exchange restriction.

* The Merval index of the stock market increased 2.86% to a provisional closure of 27,701.84 units, again with the boost of energy actions.