Jamaican $ makes modest gain – Thursday

Sale of US dollar by dealers, fell to US$33.84 million at an average rate of $127.49 to the US dollar, at the close of trading, on Thursday, down from US$44.57 million at an average rate of $127.53 on Wednesday.
US currency purchases declined from the previous day to US$35.96 million on Thursday, at an average rate of $126.59 compared to Wednesday, with US$44.40 million at $126.63.
Dealers purchased US$46.14 million, versus US$58.58 million on Wednesday in all currencies in Jamaica’s forex market and sold US$43.23 million compared with US$56.55 million previously.
At Midday, dealers bought US$10.58 million at J$126.80 and sold US$5.35 million at J$127.43 compared to the buying of US$20 million at J$127.10 and selling of US$12.5 million at J$127.59 at the same time on Wednesday.
The selling rate for the Canadian dollar dropped to J$100.21 from J$102.37 at the close on Wednesday. The selling rate for the British Pound climbed to J$168.47 versus J$167.80 on Wednesday and the euro inched up in value against the Jamaican dollar, to J$151.76 to buy the European common currency, versus J$150.68 previously.