March 12, 2014
Early US dollar jump halted by Central Bank, rises five cents
The US dollar experienced a sharp rise today at Buenos Aires City banks, jumping 13 cents at one point before falling back to 6.89 pesos for sellers.
The late intervention of the Central Bank was attributed as the reason for the spike, which led to the dollar briefly being traded at 6.97 before easing. A selling price of 6.89 however, still represents a rise of more than five cents compared to the previous day's close.
Following yesterday’s sharp fall in the informal market, traders’ expectations were already focused on the so called “blue” dollar that closed at 11.86 pesos, dropping 21 cents.