Jamaica dollar falls vs US$ – Wednesday

The Jamaican dollar fell in value against the United States currency on Wednesday, with the rate rising by 19 cents from Tuesday’s closing selling rate, but the buying rate inched lower by 17 cents from Tuesday’s rate. US dollar trading, dealers sold US$28.65 million at an average of $125.89 at the close, compared to US$37.10 million at an average of $125.70 on Tuesday. US currency purchases by dealers, amounted to US$27.93 million at an average of $124.29 at the close, compared to US$34.02 million at an average of $124.46.
At mid-day on Wednesday dealers purchased US$11.51 million at an average rate of J$124.81 and sold US$7.91 million at an average of J$125.90. On Tuesday at midday dealers purchased US$14.29 million at an average rate of J$124.84 and sold US$11.22 million at an average of J$125.32.
The selling rate on Wednesday, for the Canadian dollar fell to J$99.49 from J$99.60 at the close on Tuesday, the selling rate for the British Pound climbed to J$175.33 from J$174.13 previously and the euro rose in value against the Jamaican dollar at J$156.25 to buy the European common currency, versus the prior selling rate of J$156.06.