Jamaican$ falls against US$ – Wednesday

The Jamaican dollar rose 32 cents from Tuesday’s closing selling rate to remain above J$125, to the United States currency in foreign exchange trading on Wednesday, but the buying rate inched higher by 23 cents.
Inflows of all currencies, totaled US$43.18 million, versus US$39.18 million on Tuesday with the selling of US$39.60 million down from US$49.93 million on Tuesday.
In US dollar trading, dealers sold US$37.66 million at an average of $125.39 at the close, compared to US$43.04 million at an average of $125.07 on Tuesday. US currency purchases by dealers, amounted to US$38.01 million at an average of $124.04 at the close, compared to US$34.17 million at an average of $123.81.
At mid-day on Wednesday dealers purchased US$11.9 million at an average rate of J$124.49 and sold US$13.89 million at an average of J$124.52.
On Tuesday at midday dealers purchased US$21.3 million at an average rate of J$124.35 and sold US$15.08 million at an average of J$125.07.
The selling rate on Wednesday, for the Canadian dollar dropped to J$100.73 from J$104.69 at the close on Tuesday, the selling rate for the British Pound rose to J$176.58 from J$174.55 previously and the euro fell in value against the Jamaican dollar at J$155.33 to buy the European common currency, versus the prior selling rate of J$156.03.