The «blue» dollar edged up for the second business session in a row, increasing 30 cents to 14.95 pesos, according to ámbito.com.
Yesterday, the illegal dollar rose another 16 cents. This 46-cent increase in just two days was explained by analysts by the high volatility affecting the parallel market, as the August 9 primary elections are getting closer.
Also, «dollar for savings» quotas decreased, as is usual for this time of the month.
Meanwhile, the official dollar rate today rose half a cent to close at 9.19 pesos in banks and foreign exchange agencies. The Central Bank had to sell 50 million dollars to keep the official rate steady. This way, the gap between the «blue» and the official dollar rate again broke the 60-percent mark and now stands at 62.5%.
In addition, the blue chip swap rate increased 11 cents to 13.25 pesos, and the stock exchange rate jumped 11 cents to 13.15 pesos.
Source: Buenos Aires Herald