Jamaican$ gains strenght

The Jamaican dollar regain more lost grounds against the United States dollar on Friday, with the selling rate ending at $129.01, down from $129.15 on Thursday as authorized dealers sold US$26.36 million against purchase of US$38.4 million at an average rate of $128.15.
Dealers bought a total of US$44.89 million in all currencies and sold the equivalent of US$30.6 million. For the week $216.84 was purchased by dealers, up from $209 million, the week before and they sold $182 million, down from $200 million sold in the prior week, resulting in a surplus of $35 million for the week and US$64 million for the month since June 5. In United States dollars trading, dealers purchased US$200 million and sold $164 million during the week, for a net surplus of $36 million, compared to US$180 million bought and US$174 million sold the previous week, a net of just $5 million. For the month since June 5, net inflows of US$55 million came into the system.