Trading on the forex market on Wednesday saw a fall from Tuesday’s level as dealers bought the equivalent of US$36,191,438 compared to US$56,613,960 on Tuesday and sold the equivalent of only US$39,497,951 versus US$50,084,398 on Tuesday. Trading activity lead to the local currency losing ground against the US dollar but remained mixed against the Canadian dollar and the Pound Sterling.
Dealers bought US$30,528,721 compared to US$48,291,916 bought on Tuesday as the buying rate for the US dollar rose by 2 cents to $110.72 and sold US$36,248,389 versus US$42,234,288 on Tuesday with the rate closing 12 cents lower to $111.26. The Canadian dollar buying rate fell by 81 cents to end at $101.08 with dealers buying C$1,567,082 and selling C$1,870,817 with the rate rising by 35 cents to end at $102.87. The Pound closed at $185.61 for the purchase of £2,198,845 with the rate increasing by 60 cents while £857,183 was sold with the rate rising by $1.47 cents to $185.85. Other currencies bought amounted to the equivalent of US$545,898 while selling accounted for the equivalent of only $88,005.
Highs & Lows| The highest buying, the lowest buying and the highest selling rates for the US dollar remained unchanged at $111.50, $90.18 and $115.56 respectively but the lowest selling rate fell by $1.41 to $90.18
The highest buying rate for the Canadian dollar lost 10 cents to $102.45, the lowest buying rate ended up by 29 cents to $80.72. The highest selling rate eased by 5 cents to $104.34 and the lowest selling rate increased by 5 cents to $97.30.
The highest buying rate for the Pound rose 40 cents to $187.90 while the lowest buying rate fell by 29 cents to $148.90. The highest selling rate declined by $2.59 to $189.74 while the lowest selling rate fell 35 cents to $179.40.
