Jamaican $ steady vs US on Tuesday

Inflows of foreign currencies into the system on Tuesday was US$4 million less than the amount sold with the local dollar selling rate holding against the US dollar for the second consecutive day, but losing value versus the Pound and the Canadian currency. At the close of trading, the equivalent of US$34,316,414 was bought by dealers, compared with US$38,102,831 on Monday, while they sold the equivalent of US$40,548,479 versus US$44,185,509 previously.
In US dollar trading , dealers bought US$30,620,316 compared to US$34,450,483 on Monday. The buying rate for the US dollar fell 1 cent to $119.19 and US$37,997,953 was sold versus US$42,351,622 on Monday, the selling rate remained at $119.82. The Canadian dollar buying rate gained 55 cents to end at $87.39 with dealers buying C$1,490,611 and selling C$1,525,581, at an average rate that rose 46 cents to $89.58. The rate for buying the British Pound rose 67 cents to $179.61 for the purchase of £1,614,534, while £779,129 was sold, with the rate climbing 24 cents to $181.38. At the end of trading, it took J$128.41 to purchase the Euro, a decline of 18 cents from Monday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$125.83 for a fall of 25 cents from Monday’s rate. The US dollar equivalent of other currencies traded, amounts to US$170,032 being bought, while US$230,620 was sold.
Highs & Lows| On Tuesday, the highest buying rate for the US dollar jumped $4.44 to $124.54, the lowest buying rate dropped $4.09 to $98.57, the highest selling rate rose 5 cents to $126.31 and the lowest selling rate ended $17.63 lower at $98.57. The highest buying rate for the Canadian dollar rose $1.30 to $91.10, the lowest buying rate closed down by $3.71 to $71.55, the highest selling rate slipped 32 cents to $92.23 and the lowest selling rate lost 10 cents to end at $85.90. The highest buying rate for the British Pound, eased 20 cents to end at $182.50. The lowest buying rate dropped $7 to $145.25, the highest selling rate fell 21 cents to $187.25 and the lowest selling rate lost 20 cents to end at 175.