In Thursday’s forex trading, authorized dealers purchased more foreign currency than they sold, in contrast to Wednesday when they sold more than the amount bought. Dealers bought the equivalent of US$32,981,835 versus US$32,537,413 on Wednesday, and sold the equivalent of US$29,532,263 compared with US$38,133,906 on Wednesday.
In US dollar trading, dealers bought US$30,856,612 compared to US$26,802,568 on Wednesday. The buying rate for the US dollar fell 1 cent to $112.32 and US$28,145,549 was sold versus US$34,429,946 on Wednesday, the selling rate remained at $112.74. The Canadian dollar buying rate lost $1.57 to $100.04 with dealers buying C$551,113 and selling C$512,953 at an average selling rate that increased by 31 cents to $102.56. The rate for theBritish Pound declined $1.12 to $180.08, for the purchase of £873,202, while £453,368 was sold, the rate climbed by 67 cents to $181.86. Other currencies bought, amounted to the equivalent of US$111,872, while selling was for the equivalent of US$347,657.
Highs & Lows| The highest buying rate for the US dollar, the lowest buying and the highest selling rates remained unchanged at $113.10, $91.85 and $117.70 respectively, and the lowest selling rate fell, 9 cents to $110. The highest buying rate for the Canadian dollar fell 42 cents to $102.30, the lowest buying, the highest and the lowest selling rates remained unchanged at $80.97, $105. 50 and $97.55 respectively. The highest buying rate for the British Pound, declined $1.08 to $182.80, the lowest buying rate dropped $7.52 to $145.25. The highest selling rate fell $1.25 to $187.25 and the lowest selling rate remained at $175.
A bit more J$ needed to buy foreign currencies
September 11, 2014 by