Jamaica dollar losses value against all – Tuesday

The Jamaican dollar continue the recent decline in value against the United States dollar on Tuesday, with the rate rising 17 cents from Monday’s closing selling rate, to close at $126.55 while the buying rate rose 5 cents above Monday’s rate.
Inflows of all currencies, totaled US$39.08 million, versus US$46.97 million on Monday with the selling of US$41.74 million in contrast to US$42.89 million on Monday.
In US dollar trading, dealers sold US$40.65 million at an average of $126.72 at the close, compared to US$41.23 million at an average of $126.55 on Monday. Purchases of the US currency by dealers, amounted to US$36.71 million at an average of $125.12 at the close, compared to US$44.35 million at an average of $125.07.
At mid-day on Tuesday dealers purchased US$17.30 million at an average rate of J$125.58 and sold US$14.45 million at an average of J$126.60.
The selling rate on Tuesday, for the Canadian dollar rose to J$98.62 from J$98.34 at the close on Monday, the selling rate for the British Pound rose to J$174.65 from J$174.58 previously and the euro rose in value against the Jamaican dollar at J$156.53 to buy the European common currency, versus the prior selling rate of J$156.45.

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