Jam$ gains vs US, down vs others – Thursday

The selling rate of US dollar fell against the Jamaican dollar by 23 cents on Thursday, with the rate dealers bought the US dollar for, costing 54 cents less than the closing rate on Wednesday.
On Thursday, Inflows of all currencies, totaled US$44.08 million, versus US$67.64 million on Wednesday with the selling of US$34.45 million in contrast to US$49.54 million previously traded.
In US dollar trading, dealers sold US$31.55 million at a rate of J$128.44 at the close, compared to US$47.86 million at an average of J$128.67 on Wednesday. Purchases of the US currency by dealers, amounted to US$40.04 million at an average of $127.44 at the close, compared US$64.72 million at an average of $128.
At mid-day on Thursday dealers purchased US$18.95 million at an average rate of J$128.15 and sold US$9.6 million at an average of J$128.58. At mid-day on Wednesday dealers purchased US$33.63 million at an average rate of J$128.56 and sold US$15.67 million at an average of J$128.73.
The selling rate on Thursday, for the Canadian dollar rose to J$98.82 from J$98.30 at the close on Wednesday, the selling rate for the British Pound climbed to J$178.69 from J$175.08 previously and the euro rose against the Jamaican dollar at J$157.96 to buy the European common currency, versus the prior selling rate of J$157.14.