J$ falls against US$ to start week

The selling rate of US dollar rose against the Jamaican dollar 24 cents on Monday, with the rate dealers bought US dollar at rising by 59 cents from the closing rate at the close of the previous week as supplies fell below demand.
On Monday, Inflows of all currencies, totaled US$42.93 million, versus US$33.35 million on Friday with the selling of US$44.41 million in contrast to US$31.73 million previously.
In US dollar trading, dealers sold US$43.35 million at an average of $127.68 at the close, compared to US$27.92 million at an average of $127.44 on Friday. Purchases of the US currency by dealers, amounted to US$40.56 million at an average of $126.06 at the close, compared US$28.22 million at an average of $125.47.
At mid-day on Monday dealers purchased US$20.98 million at an average rate of J$126.30 and sold US$19.35 million at an average of J$127.67. On Friday at midday dealers purchased US$12.12 million at an average rate of J$126.16 and sold US$9.16 million at an average of J$127.53.
The selling rate on Monday, for the Canadian dollar fell to J$98.58 from J$98.59 at the close on Friday, the selling rate for the British Pound slipped to J$175.67 from J$177.86 previously and the euro declined in value against the Jamaican dollar at J$154.74 to buy the European common currency, versus the prior selling rate of J$159.60.