FX demand dips revalues Jamaican$

The Jamaican dollar continues the recent decline in value against the United States dollar on Thursday, ending with a fall of 16 cents in the rate to buy the US dollar while the rate paid by dealers climbed 52 cents.
The British Pound and the euro also lost ground against the Jamaican dollar at the end of FX trading on Thursday.
Inflows of all currencies, totaled US$ 37.13 million, versus US$35.05 million on Wednesday with the selling of US$28.47 million in contrast to US$33.63 million previously.
In US dollar trading, dealers sold US$26.17 million at an average of $127.14 at the close, compared to US$31.34 million at an average of $127.33 on Wednesday. Purchases of the US currency by dealers, amounted to US$32.54 million at an average of $125.83 at the close, compared US$31.95 million at an average of $125.31.
At mid-day on Thursday dealers purchased US$9.03 million at an average rate of J$125.88 and sold US$6.97 million at an average of J$126.69. On Wednesday at midday dealers purchased US$9.3 million at an average rate of J$125.84 and sold US$10.99 million at an average of J$127.47.
The selling rate on Thursday, for the Canadian dollar rose to J$99.45 from 98.37 at the close on Wednesday, the selling rate for the British Pound fell to J$176.63 from J$178.04 previously and the euro dropped in value against the Jamaican dollar at J$153.88 to buy the European common currency, versus the prior selling rate of J$156.78.