Friday, 10th January 2014 | In forex trading, purchases was less that sales by US$6 million. Purchases amounted to US$28,384,526 and selling US$34,269,368 (US dollar equivalent).
Purchases of the US dollar currency amounted to US$24,088,617; the rate remained unchanged at $105.96 and selling amounted to US$30,874,993 for an 11 cents increase to $106.74. The Canadian dollar lost 88 cents in the buying to $96.05 as C$951,727 was purchased and C$506,901 was sold at $97.88, a fall of 45 cents. The drop in the rates for the Canadian dollar over the past two days reflects weakness in the Canadian economy and strength in the US economy with market activities internationally playing a role in adjusting the rates between the US and Canadian dollars.
Purchases of the British Pound amounted to £1,922,048, an increase of $1.23 to $175.90 and selling came to £1,694,301, falling 10 cents to $175.90. Other currencies bought amounted to the equivalent of US$271,456 with selling of US$137,283.
Highs & Lows | The highest buying rate for the US dollar closed at $107.10 and was down by 15 cents, the low was unchanged at $86.42. The highest selling rate gained $2.07 to $110.75 and the low dropped 90 cents to $102.60.
The highest buying rate for the Canadian dollar ended at $98.50, a decline of 76 cents, while the low fell $1.91 cents to $78.02. The highest selling rate ended up 50c t0 $102 and the lowest closed at $94 down 70 cents.
The highest buying rate for the Pound ended at $176.40, off by 10 cents and the low was unchanged at $139.94. The highest selling rate declined by 34 cents to end at $177.96 and the low closed at $169.10, up by $2.10.
