Dealers bought a net of US$13 million on Tuesday following net sales for most of the previous week. Purchases of all currencies by dealers amounted to a haul of US$67,556,589 equivalent, compared with US$36,675,222, on Thursday and selling of the equivalent of US$54,844,191 versus sale of US$44,135,664, on the previous trading day.
In US dollar trading, dealers bought US$63,349,319 compared to US$32,120,784 on Thursday. The buying rate for the US dollar rose 8 cents to $114.47 and US$52,595,395 was sold versus US$42,297,150 on Thursday, the selling rate fell 7 cents to end at $114.95. The Canadian dollar buying rate fell 99 cents to $89.16 with dealers buying C$2,164,603 and selling C$1,195,762, at an average rate that gained 47 cents to $91.34. The rate for buying the British Pound slipped 13 cents to $167.65 for the purchase of £1,600,733, while £561,850 was sold, at an average rate of $170.23, for a 66 cents rise. At the end of trading it took J$126.91 to purchase the Euro, $3.15 more than on Thursday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$124.32 for a rise of $3.07 on Thursday’s rate. Other currencies bought, amounted to the equivalent of US$176,779 while the equivalent of US$466,474, was sold.
Highs & Lows| The highest buying rate for the US dollar, rose 5 cents to $115.20. The lowest buying rate remained at $93.77. The highest selling dropped $1.07 to $120.16, while the lowest selling rate fell $18.53 to $97.77. The highest buying rate for the Canadian dollar rose 70 cents to $91.90, the lowest buying rate rose by 8 cents to $72.29, but the highest selling rate was up 51 cents to $94.17 with the lowest selling rate falling 50 cents to $86.50. The highest buying rate for the British Pound, rose $1.95 to $172.30, the lowest buying rate declined 16 cents to $136.29 but the highest selling rate jumped $1.76 to $175.69 and the lowest selling rate declined by 20 cents to $164.20.
Forex trading nets US$13M on Tuesday
April 7, 2015 by
