Jamaican$ loses more vs US$ – Wednesday

In foreign exchange trading on Wednesday, the Jamaican dollar remained above J$125 to the United States currency as outflows were just below inflows while dealers’ buying rate rose by 38 cents.
The local dollar fell against the Canadian dollar, the euro and the British Pound.
Inflows of all currencies totaled US$45.09 million, versus US$37.12 million on Tuesday with the selling of US$42.65 million up from US$38.26 million on Tuesday.
In US dollar, trading, dealers sold US$36.10 million at an average of $125.29 at the close, compared to US$33.52 million at an average of $125.05 on Tuesday. US currency purchases by dealers, amounted to US$40.56 million at an average of $124.11 at the close, compared US$32.17 million at an average of $123.73.
On Wednesday at midday dealers purchased US$10.4 million at an average rate of J$124.35 and sold US$10.7 million at an average of J$125.24. At mid-day on Tuesday dealers purchased US$12.3 million at an average rate of J$123.93 and sold US$9.1 million at an average of J$124.90.
The selling rate for the Canadian dollar jumped to J$104.62 from J$100.20 at the close on Tuesday. The selling rate for the British Pound climbedl on Wednesday, to J$175.01 from J$172.34 previously and the euro fell in value against the Jamaican dollar at J$154.92 to buy the European common currency, versus the prior selling rate of J$153.04.