Jam$ starts July with more gains

The Jamaican dollar recorded further gains on the first trading day of July and closed Monday with the selling rate of J$128.50 for one US dollar down from J$128.62 it ended June at. Inflows into the local foreign exchange market generated US$51 million in all currencies while US$46 million was sold to the public.
In USA dollar trading, inflows into the system ended at US$46 million while selling amounted to US$41 million. Inflows are slightly ahead of those for the first Monday in June but outflows are up a bit for the United States currency as well as for all currencies traded.
The selling rate for the Canadian dollar dipped to J$98.94 compared to J$99.39 at the close on Friday while the British Pound cost slightly less at the close on Friday with J$166.39 buying the British currency versus J$166.58 on Friday and the Jamaican dollar also gained value against the euro, with it taking J$ 146.61 to buy the European common currency on Friday versus Friday’s J$147.94.