FX market nets US$18m – Thursday

In the foreign exchange trading on Thursday, dealers bought US$18 more than they sold as the selling rate slipped again, with it taking $127.81 to buy one US dollar.
Dealers sold US$33.81 million at $127.81 at the close of trading up from US$48.45 million at $127.90 on Wednesday. US currency purchases, amounted to US$48.97 million on Thursday, at an average rate of $126.99 compared to Wednesday, with US$45.61 million at $127.96.
At midday, the selling rate of the US dollar was J$127.77 with US$5,243,960 sold compared to $127.85, with US$12 million being sold, on Wednesday at midday.
Inflows of all currencies into Jamaica’s forex market rose to US$58.03 million, from US$54.05 million on Wednesday while dealers sold US$40.33 million versus US$55.19 million, previously.
The selling rate for the Canadian dollar rose to J$102.76 from J$102.59 at the close on Wednesday. The British Pound inched down to J$167.76 for buying the British currency versus J$168.24 on Wednesday and the euro rose in value against the Jamaican dollar, to J$151.94 to buy the European common currency, versus J$150.94 previously.