Jamaican$ makes gains vs US$

The Jamaican dollar fell 13 cents from Monday’s closing selling rate, but remained above J$125, to the United States currency in foreign exchange trading on Tuesday but the buying rate inched higher by a cent.
The local dollar fell against the Canadian dollar and the euro but rose against the British Pound.
Inflows of all currencies, totaled US$39.18 million, versus US$45.83 million on Monday with the selling of US$49.93 million down from US$42.11 million on Monday.
In US dollar trading, dealers sold US$43.04 million at an average of $125.07 at the close, compared to US$39 million at an average of $125.20 on Monday. US currency purchases by dealers, amounted to US$34.17 million at an average of $123.81 at the close, compared to US$40.47 million at an average of $123.81.
At mid-day on Tuesday 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 Monday 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 for the Canadian dollar jumped to J$104.69 from J$101.55 at the close on Monday. The selling rate for the British Pound fell on Tuesday, to J$174.55 from J$175.34 previously and the euro rose in value against the Jamaican dollar at J$156.03 to buy the European common currency, versus the prior selling rate of J$155.05.