Demand drops for US$ for week

Inflows of all currencies totaled US$37.1 million on Friday versus US$34.75 million on Thursday with the selling of US$29.06 million down from US$40.80 million on Thursday. For the week inflows were slightly higher than for the previous week at US$166 million, while outflows declined sharply to US$162 million from $191 the week before.
In foreign exchange trading on Friday, the Jamaican dollar remained above J$125 to the United States currency, with just a 1 cent rise in the rate over Thursday’s close. The local dollar rose against the Canadian dollar and the British Pound and fell against
In US dollar, trading, dealers sold US$27.72 million at an average of $125.11 at the close, compared to US$35.54 million at an average of $125.10 on Thursday. US currency purchases by dealers, amounted to US$32.76 million at an average of $123.87 at the close, compared US$30.83 million at an average of $123.83.
On Friday at midday dealers purchased US$12.6 million at an average rate of J$124.13 and sold US$8 million at an average of J$124.91.
The selling rate for the Canadian dollar dropped to J$100.78 from J$105.41 at the close on Thursday. The selling rate for the British Pound fell on Friday, to J$177.56 from J$178.16 previously and the euro rose in value against the Jamaican dollar at J$154.10 to buy the European common currency, versus the prior selling rate of J$152.48.