Parallel dollar rates climb amid uncertainty over vulture funds battle

The «blue» dollar rate continued to chart a rising path and advanced 20 cents to close at 13.15 pesos today, boosted by climbs in the stock exchange rate and the blue-chip swap rate, amid growing uncertainty over the country’s dispute with its holdout creditors.

The stock exchange rate jumped six cents to 12.75 pesos, while the blue-chip swap rate climbed 10 cents to 11.41 pesos.

The so-called “blue” dollar had already climbed 15 cents yesterday to 12.95 pesos.

Meanwhile, the US dollar traded unchanged at 8.29 pesos in Buenos Aires City banks and foreign exchange offices.

Source: Buenos Aires Herald