More decline for Jamaican$ – Tuesday

The selling rate of US dollar rose against the Jamaican dollar 25 cents on Tuesday, with the rate dealers bought US dollar at rising by 13 cents from the closing rate at the close of the previous week as supplies fell below demand.
On Tuesday, Inflows of all currencies, totaled US$29.01 million, versus US$42.93 million on Monday with the selling of US$36 million in contrast to US$44.41 million previously.
In US dollar trading, dealers sold US$32.02 million at an average of $127.93 at the close, compared to US$43.35 million at an average of $127.68 on Monday. Purchases of the US currency by dealers, amounted to US$26.75 million at an average of $126.19 at the close, compared US$40.56 million at an average of $126.06.
The selling rate on Tuesday, for the Canadian dollar jumped to J$102.20 from J$98.58 at the close on Monday, the selling rate for the British Pound rose to J$176.87 from J$175.67 previously and the euro gained value against the Jamaican dollar at J$156.85 to buy the European common currency, versus the prior selling rate of J$154.74.