In Wednesday’s forex trading, authorized dealers sold more foreign currency than they purchased. Dealers bought the equivalent of US$33,226,788 versus US$49,952,055 on Tuesday, and sold the equivalent of US$42,349,863 compared with US$54,895,404 on Tuesday.
In US dollar trading, dealers bought US$27,754,091 compared to US$44,900,566 on Tuesday. The buying rate for the US dollar rose 4 cents to $112.40 and US$37,453,095 was sold versus US$51,519,466 on Tuesday, the selling rate gained 4 cents to $112.75.
The Canadian dollar buying rate dropped 2 cents to $101.03 with dealers buying C$788,145 and selling C$900,497 at an average selling rate that gained 22 cents to $103.43.
The rate for theBritish Pound declined 59 cents to $184.03, for the purchase of £2,047,338, while £1,347,894 was sold, as the rate fell $1.35 to $185.50. Other currencies bought, amounted to the equivalent of US$1,412,171, while selling was the equivalent of US$1,853,249.
Highs & Lows| The highest and lowest rates for the US dollar, remained unchanged at $113.10, $91.85 and $117.70 respectively, except for the lowest selling rate that rose 72 cents to $94.02. The highest buying rate for the Canadian dollar rose 70 cents to $104, the lowest buying rate fell 50 cents to $81.67, the highest selling rate dipped 63 cents to $105.54 and the lowest selling rate dropped 60 cents to $98.40. The highest buying rate for the British Pound, fell 40 cents to $186.70, the lowest buying rate declined 71 cents $148.86. The highest selling rate fell $3.75 to $189.49 and the lowest selling rate declined by $1.25 to $179.35.
More outflows but rates holding
September 3, 2014 by
