Forex flows improved on Tuesday

The volume of foreign exchange trading in market on Tuesday climbed above the levels on Monday, with total inflows of foreign currency falling short of the amount sold. The Jamaican dollar gained slightly against the US dollar and the British Pound, but slipped against the Canadian dollar, in Tuesday’s forex trading.
Authorized dealers purchased the equivalent of US$36,918,551 versus US$28,048,552 on Monday. The equivalent of US$42,227,009 was sold, compared with US$27,425,753 on Monday.
In US dollar trading, dealers bought US$34,350,001 compared to US$21,894,747 on Monday. The buying rate for the US dollar was up 24 cents to $112.24 and US$35,584,175 was sold versus US$24,610,116 on Monday, the selling rate fell 6 cents at $112.59. The Canadian dollar buying rate, rose 34 cents to $98.05 with dealers buying C$955,435 and selling C$5,456,274, at an average selling rate that climbed 59 cents, to $101.39. The rate for buying the British Pound is declined $2.12 to $177.16, for the purchase of £1,016,454, while £861,905 was sold, at $179.87, down 67 cents. Other currencies bought, amounted to the equivalent of US$129,403, while selling was for the equivalent of US$352,422.
Highs & Lows| The highest buying rate for the US dollar, closed 26 cents lower, at $112.74, the lowest buying, the highest and the lowest selling rates, were unchanged at $91.85, $117.70 and $91.85 respectively. The highest buying rate for the Canadian dollar rose 10 cents to $100.30, the lowest buying and lowest selling rates remained unchanged at $79.76 and $96.10 respectively. The highest selling rate fell 64 cents to $102.83. The highest buying rate for the British Pound, rose 30 cents to $181, the lowest buying, the highest selling and the lowest selling rates were unchanged at $144.59, $186.39 and $174.20 respectively.