More inflows than outflows but Ja$ slips

The Jamaican dollar lost further ground against the US dollar with the selling rate rising as well as against the Canadian dollar but gained against the Pound sterling in Monday’s trading.FX sum 9-6-14

Trading levels on the market on Monday were above Friday’s as dealers bought the equivalent of US$50,757,616 compared to US$44,386,802 on Friday and sold the equivalent of US$43,628,758 versus US$41,450,934.

In US dollar trading, dealers bought US$46,175,243 compared to US$41,028,885 on Friday as the buying rate for the US dollar fell 15 cents to $110.85 and they  sold US$40,725,949 versus US$38,828,427 on Friday with the rate closing up by 3 cents at $111.40.

The Canadian dollar buying rate rose by 22 cents to end at $100.72 with dealers buying C$2,113,617 and selling C$1,742,238 with the rate rising 27 cents to end at $102.01.

The Pound closed at $184.39 for the purchase of £1,519,322 as the rate fell 17 cents while £679,265 was sold with the rate falling by 61 cents to $186.59

Other currencies bought amounted to the equivalent of US$134,869 while selling accounted for the equivalent of $169,598.

Highs & Lows| The highest buying rate for the US dollar declined 40 cents to $111.60 but the lowest buying rate gained 42 cents to close at $90.60, the highest selling remained unchanged at $116.09 and the lowest fell by $18.32 to be back at $90.18.FX HL -9-6-14

The highest buying rate for the Canadian dollar rose 23 cents to $102.13, the lowest buying rate increased by 4 cents to $80.51 but the highest selling rate inched up 21 cent to $104 and lowest selling rate was up by a mere 5 cents to $97.

The highest buying rate for the Pound fell 35 cents to $187.15 while the lowest buying rate climbed $1.08 to $149.36. The highest selling rate declined by $1.90 to $192.55 while the lowest rate remained unchanged at $179.95.

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