JS$ inched lower in value vs US – Tuesday

The Jamaican dollar marginally lost value on Tuesday, with the rate against the US dollar that dealers sold at, inching to $129.57 from JS$129.56 on Monday and as slightly more funds were sold than bought.
Inflows of all currencies into Jamaica’s forex market ended on Tuesday at US$48.33 million compared to Monday’s US$46.95 million, while dealers sold US$49.45 million versus US$53.91 million, previously.
US currency purchases, accounted for US$40.80 million of the total inflows, at an average of J$128.62 versus J$128.48 for US$43.78 million on Monday, while dealers sold US$43.61 million compared to US$52.12 million previously.
The selling rate for the Canadian dollar rose to J$103.94 from J$102.48 at the close on Monday. The British Pound dropped to J$170.96 for buying the British currency versus J$171.50 previously and the euro gained in value against the Jamaican dollar, with it taking J$152.57 to buy the European common currency, versus J$151.84, previously.