Ja$ steady vs US on Wednesday

Inflows of foreign currencies into the system on Wednesday was US$4 million less than the amount sold. The local dollar selling rate almost held against the US dollar but gained value versus the Pound and the Canadian currency. At the close of trading, the equivalent of US$34,595,675 was bought by dealers, compared with US$34,316,414 on Tuesday, while they sold the equivalent of US$38,678,449 versus US$40,548,479 previously.
In US dollar trading , dealers bought US$31,957,560 compared to US$30,620,316 on Tuesday. The buying rate for the US dollar gained 12 cents to $119.31 and US$37,155,313 was sold versus US$37,997,953 on Tuesday, the selling rate rose 2 cents at $119.84. The Canadian dollar buying rate gained 24 cents to end at $87.63 with dealers buying C$1,635,824 and selling C$1,247,199, at an average rate that fell 41 cents to $89.17. The rate for buying the British Pound dropped 82 cents to $178.79 for the purchase of £857,850, while £285,220 was sold, with the rate declining $1.07 to $180.31. At the end of trading, it took J$127.62 to purchase the Euro, a decline of 79 cents from Tuesday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$125.04 for a fall of 79 cents from Tuesday’s rate. The US dollar equivalent of other currencies traded, amounts to US$151,096 being bought, while US$166,010 was sold.
Highs & Lows| On Wednesday, the highest buying rate for the US dollar dived $4.42 to $120.12, the lowest buying and the highest selling rates remained at $98.57 and $126.31, respectively and the lowest selling rate rose $1.94 to $100.51. The highest buying rate for the Canadian dollar fell $1.50 to $89.60, the lowest buying rate rose 25 cents to $71.80, the highest selling rate regained 32 cents it lost on Tuesday, to end at $92.55 and the lowest selling rate lost 40 cents to end at $85.50. The highest buying rate for the British Pound, eased 20 cents to end at $182.30. The lowest buying rate was unmoved at $145.25, the highest selling rate fell $2.35 to $184.90 and the lowest selling rate rose $1 to end at 176.