More US$ bought than sold on Thursday

In Thursday’s forex trading, the Jamaican dollar gave back a cent against the US dollar, gained value versus the Canadian dollar and lost against the Pound. Authorized dealers purchased more foreign currency than they sold as they bought the equivalent of US$29,361,702 versus US$30,445,681 on Wednesday, and sold the equivalent of US$27,149,495 compared with US$35,474,287 on Wednesday.
In US dollar trading, dealers bought US$25,904,827 compared to US$24,647,857 on Wednesday. The buying rate for the US dollar rose 13 cents to $112.36 and US$25,054,219 was sold versus US$31,434,012 on Wednesday, the selling rate recovered a cent to $112.71.The Canadian dollar buying rate fell $1.49 to $100.43 with dealers buying C$732,996 and selling C$409,949 at an average selling rate that declined by 24 cents to $102.57. The rate for the British Pound dipped 71 cents to $181.36, for the purchase of £1,012,241, while £382,845 was sold, the rate rose by 67 cents to $184.19. Other currencies bought, amounted to the equivalent of US$1,167,877, while selling was for the equivalent of US$1,096,616.
Highs & Lows| The highest buying rate for the US dollar, fell 25 cents to $112.85. The lowest buying and the highest selling rates remained unchanged at $91.85 and $117.70 respectively. The lowest selling rate fell $1.45 to $91.85. The highest buying rate for the Canadian dollar eased 10 cents to $102.90, the lowest buying rate rose 38 cents to $81.01. The highest selling rate is up 5 cents to $105.02. The lowest selling was unchanged at $97.60. The highest buying rate for the British Pound, fell 30 cents to $184.20, the lowest buying rate gained 34 cents to $146.54. The highest selling rate climbed $1.21 to $188.91 and the lowest selling rate is up 40 cents to $176.55.