Jamaican$ inched higher vs US – Thursday

Trading in the foreign market on Thursday resulted in a slight slippage of the value of the Jamaican dollar against the US dollar as US$40.1 million of the US dollar was sold by dealers at an average rate of $127.20 to the US dollar.
On Wednesday US$42.5 million was sold by dealers at an average rate of $127.18. US currency purchases amounted to US$39.2 million on Thursday, at an average rate of $126.31 compared to Wednesday, with US$41 million at $126.29.
Dealers purchased US$46.3 million, versus US$45.3 million on Wednesday in all currencies in Jamaica’s forex market and sold US$46.1 million compared with US$44.8 million of all currencies sold previously.
The selling rate for the Canadian dollar slipped to J$99.14 from J$98.16 at the close on Wednesday. The selling rate for the British Pound dropped to J$167.53 versus J$168.48 on Wednesday and the euro gained value against the Jamaican dollar, to J$149.42 to buy the European common currency, versus J$148.92 previously.