Sell off of US dollars continues but rate holds

In Wednesday’s forex trading, the Jamaican dollar gained a cent, against the important US dollar, but lost value against the Pound and the Canadian dollar, as authorized dealers sold more foreign currency than they purchased, similar to that on Tuesday. Dealers bought the equivalent of US$30,445,681 versus US$34,338,154 on Tuesday, and sold the equivalent of US$35,474,287 compared with US$40,477,535 on Tuesday.
In US dollar trading, dealers bought US$24,647,857 compared to US$29,935,672 on Tuesday. The buying rate for the US dollar fell 15 cents to $112.23 and US$31,434,012 was sold versus US$37,367,280 on Tuesday, the selling rate dipped by a cent to $112.70. The Canadian dollar buying rate climbed $1.80 to $101.91 with dealers buying C$2,051,326 and selling C$1,735,773 at an average selling rate that rose 65 cents to $102.81.
The rate for theBritish Pound climbed $1.08 to $183.07, for the purchase of £2,375,469, while £1,386,251 was sold, the rate rose by 80 cents to $183.52. Other currencies bought, amounted to the equivalent of US$81,201, while selling was for the equivalent of US$199,594.
Highs & Lows| The highest buying rate for the US dollar, the lowest buying and the highest selling rates remained unchanged at $113.10, $91.85 and $117.70 respectively. The lowest selling rate fell by $16.70 to $93.30. The highest buying rate for the Canadian dollar rose 55 cents to $103, the lowest buying rate remained at $80.63. The highest selling rate is down 53 cents to $104.97. The lowest selling rate moved up 45 cents to $97.60. The highest buying rate for the British Pound, rose $1.10 to $184.50, the lowest buying rate gained 95 cents to $146.20. The highest selling rate fell 94 cents to $187.70 and the lowest selling rate fell 15 cents to $176.15.