Wednesday, 31 July 2013 | The forex market was quite buoyant on Wednesday as selling of foreign currencies was far less than buying with the equivalent of US$46.95 million bought and only US$37.15 sold.
The selling rates eased by 1 cents for the US dollar and 79 cents for the Canadian and was up 50 cents for the Pound, which saw more selling than the amount purchased by £300,000, there was US$10 million less selling than buying. The Canadian dollar saw C$1.36 being purchased versus C$882,000 sold. Buying rate for the US dollar climbed by 13 cents to $101.36, the Canadian slipped by 93 cents to $97.35 and the Pound was off by 38 cents to $153.58.
The highest and lowest rates for the three main currencies were most soft with the US dollar increasing 30 cents on the highest buy rate but was flat for the lowest buy and the highest buy rates and fell back by $15.16 on the lowest selling rate. The Canadian fell for both buying rates by $1.10 and 74 cents respectively there was no change to the highest selling rate but the lowest rose by 75 cents to $96.50. All the rates for the pound fell between $4.82 for the highest selling rate to 74 cents for the lowest buy rate.
