Jamaican$ falls in heavy trading- Wednesday

The Jamaican dollar slipped in value against the US dollar, with the local currency losing 4 cents foreign currency trading on Wednesday, with heavy trading in excess of US$65 million.
On Wednesday, the rate the public bought the US dollar at, rose to $125.77 as dealers sold US$65.75 million in US currency, compared US$44.14 million at an average rate of $125.73 on Tuesday. US currency purchases by dealers, amounted to US$59.18 million on Wednesday, at an average rate of $124.85, compared to Tuesday, with US$48.74 million at $124.77.
On Wednesday at midday dealers purchased US$12.01 million at an average rate of J$125.11 and sold US$9.08 million at an average of J$125.85.
At mid-day on Tuesday dealers purchased US$12.31 million at an average rate of J$125.14 while they sold US$3.83 million at an average of J$125.71.
Dealers’ purchased US$65.32 million, versus US$61.43 million on Tuesday in all currencies in Jamaica’s Forex market and sold US$69.63 million compared with US$54.44 million sold, previously.
The selling rate for the Canadian dollar rose to J$97.86 from J$97.82 at the close on Tuesday. The selling rate for the British Pound slipped to J$166.67 versus J$166.83 previously and the euro rose in value against the Jamaican dollar at J$147.89 to buy the European common currency, versus the prior selling rate of J$146.99.