October 31, 2014
‘Blue’ dollar jumps 22 cents to $14.20, sets new record
The informal rate continued its rising path today. It advanced 22 cents to close at 14.20 pesos, pushed by speculation and hikes in the blue-chip swap rate and stock exchange rate.
The so-called “blue” dollar broke the 14 pesos mark, setting a new record after last week’s climbs.
The blue-chip swap rate advanced to 12.71 pesos, while the stock exchange rate jumped to 13.63 pesos.
Meanwhile, the US dollar traded steady and closed at 8.42 pesos in Buenos Aires city banks and foreign exchange offices.
The Central Bank’s reserves droped by u$s 96 millions to u$s 28,685 millions yesterday, in a market with short supply as grain exporters end the harvest season and sell off an average u$s 60 millions daily.