After dropping in early trading today, the «blue» parallel dollar recovered to climb 11 cents and close at 13.40 pesos in underground houses, pushed by hikes in the blue-chip dollar and the stock exchange rate, according to ámbito.com.
On the markets, the blue-chip dollar rose 27 cents to trade at 13.14 pesos, and the stock market rate sold 18 cents higher at 13.02 pesos.
Following last week’s steep climb, the «blue» had calmed yesterday, helped by the 25.5 million dollars bought through the dollar-for-savings scheme.
The «blue» increased 75 cents (5.9 percent) during June, the highest monthly increase since September last year, when it grew 1.65 pesos (11.7%), and 512 million dollars were bought through the dollar-for-savings scheme.
Meanwhile, the official currency ended half a cent up at 9.10 pesos in banks and foreign exchange agencies. The Central Bank bought 100 million dollars, following yesterday’s 80 million dollars buy in the foreign exchange market. The gap between the two rates currently stands at 47.2%.
Source: Buenos Aires Herald