The so called “blue” dollar dropped 20 cents to 14.89 pesos following Tuesday’s surge when greenbacks in the informal market hit a maximum peak in nine months and a half to close at 15.09 pesos, ámbito.com reported.
The gap between the official and the parallel rates of the US currency dropped in line with the loss of value in the latter, to 62.4 percent.
Ahead of the presidential primaries when Argentineans will be casting their votes to choose their candidates for the October general run, speculation shakes the financial market.
Meanwhile, in Buenos Aires City banks and foreign exchange offices, the American currency closed unchanged at 9.17 pesos. The Central Bank intervened strongly in trading with a purchase of 100 million dollars to keep the peso steady, helped by a higher rate of cereal sales injecting foreign currency into the market.
Source: Buenos Aires Herald