The US dollar closed unchanged today at Buenos Aires City banks and foreign exchange offices, trading at 8.15 pesos, in the beginning of a week when news on the government’s negotiation with holdout hedge funds are expected.
In the informal market, the so-called “blue” dollar fell back five cents, trading at 12.10 pesos, after climbing 10 cents on Friday as US Judge Thomas Griesa ordered the Bank of New York Mellon to return the 539 million dollars that Argentina’s government had deposited for its restructured bondholders.
In the meantime, the blue-chip swap exchange rate fell back by six cents to 10.22 pesos, while the stock exchange rate went up to 11.10 pesos.
Source: Buenos Aires Herald