Monday, 27th May 2013 | The foreign market flashed a surprise on Monday with moderate trading levels as a mere US$16.4 million in all forms of currencies were purchased while selling was a little more, at US$$19.4 million. Surprisingly as well, the buying rates fell compared to those on Friday and on the sell side, the US dollar just barely moved up by 7 cents while the other two currencies fell.
The highest buying rates for all three currencies fell today compared to a rise for all three on Friday. Noticeably, the US dollar moved down by 65 cents, the Canadian 80 cents and the Pound $1.30. The lowest buying rates were flat to virtually flat. The highest selling rates hardly changed with the exception of the Pound which gained 76 cents, the other lowest sell rates fell marginally.
