Jamaica’s forex trading moderates – Thursday

Trading in the Jamaican foreign exchange market slowed on Thursday, resulting in US$34.55 of purchases by dealers of all currencies and outflows of US$25.84 million.
In contrast, purchases by dealers on Wednesday amounted to the equivalent of US$50.57 million while dealers sold US$42.83 million.
In USA dollar trading, inflows ended at US$32.45 million versus US$40.92 million on Wednesday with outflows of US$24.24 million compared to US$34.27 million.
At the end of trading, the US dollar was sold at an average rate of J$129.96 from J$129.91 previously while dealers bought the US currency at an average of J$128.69 versus J$128.63 on Wednesday.
The selling rate for the Canadian dollar climbed to J$106.61 from J$105.61 at the close on Wednesday while the British Pound was more costly, with J$169.24 buying the British currency versus J$168.72 and the euro, gained in value against the Jamaican dollar, with it taking J$157.79 to buy the European common currency, versus J$155.69 previously.