En Buenos Aires Herald: Further spike in ‘blue’ is seen as unlikely.

By Santiago Del Carril

Herald Staff

After reaching almost 12 pesos last week, crucial week begins for parallel rate

Economist Ernesto Mattos of the Arturo Jauretche Foundation told the Herald that the spike in blue dollar was a “seasonal increase,” which is the same argument espoused by the government last year when the “blue” dollar had jumped to 7.29 pesos. The blue dollar subsequently lowered a little following the early 2013 hike but then increased again.

Mattos says the government will be able to close the gap between the exchange rates in June, when the second corn and soybean harvests finish.

The Agricultural sector liquidated US$23.16 billion last year, only a small increase from the US$23.06 billion in 2012. But how much revenue will finally be available from the harvests to help assuage the affects of the “blue” dollar will depend on a number of environmental variables.

Nota completa: Further spike in ‘blue’ is seen as unlikely.