Local dollar now $125.6 to US$ – Thursday

The Jamaican dollar rose 22 cents from Wednesday’s closing selling rate to remain above J$125, to the United States currency in foreign exchange trading on Thursday, but the buying rate inched higher by 19 cents.
Inflows of all currencies, totaled US$38.16 million, versus US$43.18 million on Wednesday with the selling of US$35.73 million down from US$39.60 million on Wednesday.
In US dollar trading, dealers sold US$33.65 million at an average of $125.61 at the close, compared to US$37.66 million at an average of $125.39 on Wednesday. US currency purchases by dealers, amounted to US$35.20 million at an average of $124.23 at the close, compared to US$38.01 million at an average of $124.04.
At mid-day on Thursday dealers purchased US$9.76 million at an average rate of J$124.66 and sold US$9.68 million at an average of J$125.55. On Wednesday at midday dealers purchased US$13.89 million at an average rate of J$124.27 and sold US$6.36 million at an average of J$124.06.
The selling rate on Thursday, for the Canadian dollarclimbed to J$102.13 from J$100.73 at the close on Wednesday, the selling rate for the British Pound slipped to J$176.01 from J$176.58 previously and the euro rose in value against the Jamaican dollar at J$156.29 to buy the European common currency, versus the prior selling rate of J$155.33.