Jamaica$ loses value against all – Thursday

At the close of trading on the foreign exchange on Thursday, the euro regained a large portion of the sharp fall in value against the Jamaican dollar on Wednesday, rising $4.40 to buy the euro.
The Jamaican dollar closed trading on the foreign exchange on Thursday with losses in all four main currencies it usually trade against. The selling rate on Thursday for the Canadian dollar, rose to J$98.32 from J$97.51 at the close on Wednesday. The selling rate for the British Pound increased to J$176.49 from J$174.74 previously and the euro jumped against the Jamaican dollar to J$154.85 to buy the European common currency, versus the prior selling rate of J$150.45.
In US dollar trading, dealers sold US$36.98 million at a rate that rose 4 cents to J$125.24 at the close, compared to US$52.90 million at a rate that rose 19 cents to J$125.20 on Wednesday. Purchases of the US currency by dealers, amounted to US$43.53 million, with the average rate rising 10 cents to $124.11, compared to US$40.29 million, with the average rate rising 6 cents to $124.01on Wednesday
The market closed with inflows of all currencies, ending at US$47.9 million, versus US$44.68 million on Wednesday and dealers sold just US$39.19 million in contrast to US$54.35 million, in previous trading.
At mid-day on Thursday dealers purchased US$15,84 million at an average rate of J$124.42 and sold $10.57 million at an average of J$125.23. At mid-day on Wednesday dealers purchased US$15,61 million at an average rate of J$124.43 and sold $13.42 million at an average of J$125.24.

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