Jamaican$ trades at $126.90 – Wednesday

The rate of exchange for to buy the US dollar by the public slipped further on Wednesday to $126.90 as dealers sold US$35.83 million of the US dollar, compared to US$49.57 million at an average rate of $126.91 on Tuesday.
US currency purchases amounted to US$37.17 million on Wednesday, at an average rate of $126.11 compared to Tuesday, with US$48.22 million at $126.02.
Dealers purchased US$47.42 million, versus US$52.58 million on Tuesday in all currencies in Jamaica’s forex market and sold US$45.70 million compared with US$52.88 million of all currencies sold previously.
At Midday, dealers bought US$13.2 million at J$126.51 and sold US$6.66 million at J$126.81 compared to the purchase of US$11.5 million at J$126.14 and selling of US$10.8 million at J$126.82.
The selling rate for the Canadian dollar rose to J$99.65 from J$99.38 at the close on Tuesday. The selling rate for the British Pound dropped to J$166.02 versus J$165.76 on Tuesday and the euro gained in value against the Jamaican dollar, to J$149.02 to buy the European common currency, versus J$148.23 previously.