Monday, 10th June 2013 | The selling of US dollars to purchase BOJ bond instruments seems to have come to a halt in Monday’s trading as the buying of foreign exchange exceeded selling for the first time since the week ending May 31. Authorized dealers purchased US$32.78 million and sold US $30.16 million. C$1.2 million was purchased and C$933,500 was sold. GBP1.9 million was purchased and GBP985,000 was sold.
All the rates moved up marginally except the buying rate of pound sterling which moved up quite a bit. The movements in rates were more moderate than on Friday.
The US dollar put on 19 cents on the buying side while just barely inching up 6 cents on the sell side. For the Canadian dollar it took 10 cents more to buy the dollar while selling cost 49 cents more and for pound sterling the buying rate rose by $1.57 to $153.18 and selling rose to $155.64, some 20 cents more.
On Friday the US$ buying rate increased by 22 cents and the selling rate was up 15 cents, while the Canadian dollar buying rate was up $1.60, and the selling rate gained 81 cents. Buying rate down $2.30, selling rates up $0.56.
