Jamaican dollar makes gains

In Friday’s forex trading, the selling rate for the Jamaican dollar made modest gains against all three major intervention currencies as dealers bought US$9 million more than they sold, thus reversing the net of US$6 million more sold, than purchased on Thursday.
Authorized dealers bought the equivalent of US$41,719,974 versus US$32,486,790 on Thursday, and sold the equivalent of US$32,548,314 compared to US$38,351,319 on Thursday.
In US dollar trading, dealers bought US$35,874,558 compared to US$26,851,403 on Thursday. The buying rate for the US dollar gained 26 cents to $112.33 and US$28,416,014 was sold versus US$35,366,233 on Thursday, the selling rate eased back 1 cent to $112.82.
The Canadian dollar buying rate was up $1.05, to $101.98 with dealers buying C$3,015,843 and selling C$2,205,950, the selling rate fell 35 cents to $102.95.
The Pound closed at $187.32, for the purchase of £1,396,008 as the rate slipped 99 cents while £597,214 was sold, as the rate declined 7 cents, to $189.77. Other currencies bought, amounted to the equivalent of US$779,695 while selling was the equivalent of US$1,114,637.
Highs & Lows| The highest rate for buying the US dollar, rose 10 cents to $113.20, the lowest buying and the highest selling rates remained unchanged, at $91.85 and $117.70 respectively. The lowest selling rate closed $18.15 lower at $91.85. The highest buying rate for the Canadian dollar fell 47 cents to $103.35 and the lowest buying rate remained unchanged at $81.59. The highest selling rate jumped by $7.50 to $113 and the lowest selling rate was unchanged at $98.30. The highest buying rate for the British Pound declined 70 cents to $190.30, the lowest buying rate was unchanged at $152.31, the highest selling rate fell $2.95 to $193.39 and lowest selling rate remained at $183.50.