Jamaican dollar value slips – Tuesday

The value of the Jamaican dollar slipped by 2 cents against the United States dollar rising to J$128.39 from J$128.37 on Monday. Dealers bought the US currency at J$127.52 up from JS$127.49 previously.
On Tuesday’s trading in Jamaica’s foreign currency market saw the equivalent of US$8 million more funds coming into the system than left, down from US$13 million on the prior trading day bring the surplus for the week to US$21.4.
Dealers purchased US$47.8 million and sold US$39.4 million, of all currencies on Tuesday. On Monday, US$50.44 million entered the market and US$37.4 million was sold to the public.
In USA dollar trading, inflows into the system ended at US$42.4 million versus US$46.3 million on Monday while selling amounted to US$33.2 million versus US$34.8 million on Monday.
The selling rate for the Canadian dollar fell to J$99.73 from J$99.98 at the close on Monday, while the British Pound cost more at the close on Tuesday, with J$165.86 buying the British currency versus J$163.85 on Monday and the Jamaican dollar fell in value against the euro, with it taking J$149.03 to buy the European common currency on Tuesday versus Monday’s rate of J$146.69.