Jamaican$ back above 125 to US – Tuesday

In foreign exchange trading on Tuesday, the Jamaican dollar moved back above J$125 to the United States currency as outflows exceeded inflows and dealers buying rate rose by 6 cents.
The local dollar fell against the Canadian dollar and the euro but rose in value against the British Pound.
Inflows of all currencies totaled US$37.12 million, versus US$49.46 million on Monday with the selling of US$38.26 million down from US$41.18 million on Monday.
In US dollar, trading, dealers sold US$33.52 million at an average of $125.05 at the close, compared to US$37.59 million at an average of $124.90 on Monday. US currency purchases by dealers, amounted to US$32.17 million at an average of $123.73 at the close, compared US$43.79 million at an average of $123.67.
On Tuesday at midday dealers purchased US$12.3 million at an average rate of J$123.93 and sold US$9.1 million at an average of J$124.90. At mid-day on Monday dealers purchased US$22.2 million at an average rate of J$124.36 and sold US$13.9 million at an average of J$124.88.
The selling rate for the Canadian dollar inched to J$100.20 from J$100.15 at the close on Monday. The selling rate for the British Pound fell on Tuesday, to J$172.34 from J$173.57 previously and the euro fell in value against the Jamaican dollar at J$153.04 to buy the European common currency, versus the prior selling rate of J$152.11.