The US dollar closed half a cent higher to 9.075 pesos in banks and foreign exchange agencies in the city while the “blue” parallel rate was three cents up at 13.05 pesos after spending much of trading lower.
Last week, the parallel rate hit four-month highs and reached 13.08 pesos amid few operations due to fears of further Central Bank inspections, as well as several sanctions imposed on banks and agencies.
Having traded for most of today at 13 pesos, a late surge in the parallel currency’s valuation meant the seventh straight session that the ‘blue’ has finished higher.
Source: Buenos Aires Herald