More funds sold than Inflows as – J$ slips

The local dollar lost ground against the US and Canadian dollars on Wednesday as inflows were less than outflows for the second day in a row with the equivalent of $31,876,372 being bought to $34,108,329 sold. On Tuesday dealers bought the equivalent of US$26,494,130 to $36,419,004 sold.

In US dollar trading, dealers bought US$24.57 million compared to US$22.1 million on Tuesday as the buying rate for the US dollar was up 3 cents to $111.13 and sold US$29,670,705 versus US$31,688,770 on Tuesday with the rate closing up 17 cents to $111.79.
The Canadian dollar buying rate rose 39 cents to end at $101.83 with dealers buying C$2,582,416 and selling C$2,670,666 with the rate rose 7 cents to end at $102.50.
The Pound closed at $186.46, for the purchase of £1,547,416, the rate lost 46 cents, while only £300,664 was sold, with the rate falling 20 cents to $188.53. Other currencies bought, amounted to the equivalent of US$2,340,485 while selling accounted for the equivalent of just $1,481,964.
Highs & Lows| The highest rate for buying the US dollar lost 80 cents to $111.90, the lowest buying rate was up 55 cents $90.81, the highest selling rate climbed 6 cents $116.42 and the lowest selling rate was up 21 cents to $90.81.
The highest buying rate for the Canadian dollar eased 5 cents to $102.90, the lowest buying rate moved down 42 cents to $81.46, the highest selling rate was up 16 cents to $105.72 and lowest selling rate fell 50 cents to $98.15.
The highest buying rate for the Pound remained unchanged at $189.50 while the lowest buying rate inched up 4 cents to $151.31. The highest selling rate dropped $2.82 to $192.51 and the lowest selling rate fell 25 cents to $182.30.