Trading levels, picked up sharply from the low levels on Tuesday, with US$58.7 million entering the market and US$42.25 million leaving. On Tuesday, inflows into the market generated just US$23.84 million in all currencies while US$22.52 million was sold to the public.
At the close of the market on Wednesday, the Jamaican dollar recorded moderate gains, with the selling rate of J$128.44 for one US dollar, down from J$128.46 it ended at on Tuesday. Dealers bought the United States dollar at J$127.81 up from JS$127.02.
In USA dollar trading, inflows into the system ended at US$46.87 million versus US$21.54 million on Tuesday while selling amounted to only US$34.3 million compared to US$20.36 million on Tuesday.
The selling rate for the Canadian dollar inched up to J$99.37 compared to J$98.01 at the close on Tuesday, while the British Pound cost less at the close on Wednesday with J$165.94 buying the British currency versus J$166.91 on Tuesday and the Jamaican dollar lost value against the euro, with it taking J$147.8 to buy the European common currency on Wednesday versus Tuesday’s rate of J$145.42.
