Market greets September with low volumes

In Monday’s forex trading, authorized dealers traded much less foreign currency than is the norm on the first business day of the week. Dealers bought the equivalent of US$26,489,205 versus US$59,234,779 on Friday, and sold the equivalent of US$30,449,196 compared with US$51,274,373 on Friday.
In US dollar trading, dealers bought US$21,045,823 compared to US$52,907,403 on Friday. The buying rate for the US dollar declined 42 cents to $112.04. US$27,061,841 was sold versus US$46,929,455 on Friday, the selling rate increased 5 cents to $112.78. The Canadian dollar buying rate climbed 32 cents to $102.07 with dealers buying C$2,579,417 and selling C$1,663,274 at an average selling rate that declined 31 cents to $103.43.The rate for theBritish Pound fell by $1.46 to $184.18, for the purchase of £1,256,900, while £701,884 was sold, as the rate rose 60 cents to $187.17. Other currencies bought, amounted to the equivalent of US$1,027,381, while selling was the equivalent of US$697,139.
Highs & Lows| The highest buying rate for the US dollar, the lowest buying, the highest selling and lowest selling rates remained unchanged at $112.90, $91.85, $117.70 and $91.85 respectively. The highest buying rate for the Canadian dollar was unchanged at $105, the lowest buying rate gained 21 cents to $82.17, the highest selling rate rose 3 cents to $106.04 and the lowest selling rate was unchanged at $99. The highest buying rate for the British Pound, rose 10 cents to $187.30, the lowest buying rate and lowest selling rate were unchanged at $149.57 and $180.20 respectively. The highest selling rate rallied $2.07 to $192.81.