October 22, 2014
Parallel dollar rates climb amid uncertainty over vulture funds battle
The "blue" dollar rate continued to chart a rising path and advanced 20 cents to close at 13.15 pesos today, boosted by climbs in the stock exchange rate and the blue-chip swap rate, amid growing uncertainty over the country’s dispute with its holdout creditors.
The stock exchange rate jumped six cents to 12.75 pesos, while the blue-chip swap rate climbed 10 cents to 11.41 pesos.
The so-called “blue” dollar had already climbed 15 cents yesterday to 12.95 pesos.
Meanwhile, the US dollar traded unchanged at 8.29 pesos in Buenos Aires City banks and foreign exchange offices.