Jamaican$ value eased – Tuesday

The Jamaican dollar slipped in value against the US dollar, with the local currency losing 3 cents foreign currency trading on Tuesday, with inflows rising over Monday’s intake and ending higher than outflows.
On Tuesday, the rate the public bought the US dollar at, rose to $125.73 as dealers sold US$44.14 million in US currency, compared US$45.34 million at an average rate of $125.70 on Monday. US currency purchases by dealers amounted to US$48.74 million on Tuesday, at an average rate of $124.77, compared to Monday, with US$46.94 million at $124.68.
On Tuesday at midday dealers purchased US$12.31 million at an average rate of J$125.14 and sold only US$3.83 million at an average of J$125.71.
At mid-day on Monday dealers purchased US$22.58 million at an average rate of J$125.14 while they sold US$22.48 million at an average of J$125.71.
Dealers’ purchased US$61.43 million, versus US$59.08 million on Monday in all currencies in Jamaica’s Forex market and sold US$54.44 million compared with US$55.58 million sold, previously.
The selling rate for the Canadian dollar slipped to J$97.82 from J$97.93 at the close on Monday. The selling rate for the British Pound dropped to J$166.83 versus J$168.13 previously and the euro fall in value against the Jamaican dollar at J$146.99 to buy the European common currency, versus the prior selling rate of J$149.74.