Jam$ rises vs non US currencies – Thursday

The Jamaican dollar made gains against the Canadian, the British and European currencies on Thursday but slipped against the US dollar on Thursday.
The selling rate of US dollar rose against the Jamaican dollar increased by 16 cents on Thursday, with the rate dealers bought the US dollar costing 38 cents less than the closing rate of the previous trading day.
On Thursday, Inflows of all currencies, totaled US$36.59 million, versus US$55.40 million on Wednesday with the selling of US$38.85 million in contrast to US$44.32 million previously traded.
In US dollar trading, dealers sold US$37.48 million at an average of J$128.86, at the close, compared to US$42.29 million at an average of J$128.70 on Wednesday. Purchases of the US currency by dealers, amounted to US$33.45 million at an average of $127.50 at the close, compared US$53.39 million at an average of $127.88.
At mid-day on Thursday dealers purchased US$12.85 million at an average rate of J$128.07 and sold US$10.34 million at an average of J$128.95.  At mid-day on Wednesday dealers purchased US$27.30 million at an average rate of J$128.80 and sold US$15.37 million at an average of J$129.08.
The selling rate on Thursday, for the Canadian dollar eased to J$98.25 from J$98.35 at the close on Wednesday, the selling rate for the British Pound slipped to J$177.54 from J$178.59 previously and the euro dived against the Jamaican dollar at J$154.53 to buy the European common currency, versus the prior selling rate of J$159.28.

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