The “blue” dollar rate was trading five cents lower in underground houses, at 14.89 pesos, according to ámbito.com, halting weeks of steep hikes amid speculations ahead of the primary elections and due to a higher demand of greenbacks at the beginning of the winter holidays and the payment of the biannual bonus.
In July, the parallel rate registered its strongest monthly hike of the year as it rose 1.54 pesos or 11.5 percent, accumulating a 8.3 percent rise in the year.
Meanwhile, the official dollar closed half a cent higher at 9.205 pesos in banks and foreign exchange agencies. The Central Bank was forced to sell 90 million dollars in reserves to stem further rises and keep the peso steady.
Source: Buenos Aires Herald