In Friday’s forex trading, authorized dealers sold less foreign currency than they bought, with excess of US8 million bought on the last day of the week. Dealers also bought more funds during the entire week, than they sold. A total of the equivalent of US$59,234,779 was purchased, versus US$28,770,917 on Thursday, and dealers sold the equivalent of US$51,274,373 compared to US$28,745,973 on Thursday.
In US dollar trading, dealers bought US$52,907,403 compared to US$23,454,602 on Thursday. The buying rate for the US dollar rose 15 cents to $112.46. US$46,929,455 was sold versus US$25,367,229 on Thursday, the selling rate declined 4 cents to $112.74.
The Canadian dollar dollar buying rate declined 65 cents to $101.75 with dealers buying C$1,016,453 and selling C$808,689 at an average selling rate that climbed 34 cents to $103.75.
The rate for theBritish Pound rose by 13 cents to $185.64, for the purchase of £3,043,130, while £1,947,414, was sold, as the rate fell $1.10 to $186.57. 
Other currencies bought, amounted to the equivalent of US$384,582, while selling was the equivalent of US$377,906.
Highs & Lows| The highest buying rate for the US dollar, fell 5 cents to $112.90, the lowest buying and the highest selling rates remained unchanged at $91.85 and $117.70 respectively while the lowest selling rate fell $18.15 to $91.85. The highest buying rate for the Canadian dollar dipped 49 cents to $105, the lowest buying rate gained 50 cents to $81.96, the highest selling rate rose 9 cents to $106.01 and the lowest selling rate is up 25 cents to $99. The highest buying rate for the British Pound, rose 20 cents to $187.20, the lowest buying rate and lowest selling rate were unchanged at $149.57 and $180.20 respectively. The highest selling rate fell $2.07 to $190.74.
More buying than selling on Friday as J$ gains
August 29, 2014 by
