More Jamaican dollar losses – Wednesday

The Jamaican dollar continues the recent decline in value against the United States dollar on Wednesday, ending with a rise of 8 cents in the rate to buy the US dollar while the rate paid by dealers fell 29 cents.
Inflows of all currencies, totaled US$35.05 million, versus US$36.98 million on Tuesday with the selling of US$33.63 million in contrast to US$32.70 million previously.
In US dollar trading, dealers sold US$31.34 million at an average of $127.33 at the close, compared to US$30.91 million at an average of $127.15 on Tuesday. Purchases of the US currency by dealers, amounted to US$31.95 million at an average of $125.31 at the close, compared US$33.64 million at an average of $125.60.
At mid-day on Wednesday dealers purchased US$9.3 million at an average rate of J$125.84 and sold US$10.99 million at an average of J$127.47. On Tuesday at midday dealers purchased US$11.85 million at an average rate of J$125.72 and sold US$9.85 million at an average of J$126.96.
The selling rate on Wednesday, for the Canadian dollar fell to J$98.37 from J$100.62 at the close on Tuesday, the selling rate for the British Pound increased to J$178.04 from J$176.40 previously and the euro declined in value against the Jamaican dollar at J$156.78 to buy the European common currency, versus the prior selling rate of J$156.92.

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