In Wednesday’s forex trading, authorized dealers purchased less foreign currency than they sold, in contrast to Tuesday when they sold more than the amount bought. Dealers bought the equivalent of US$32,537,413 versus US$39,158,938 on Tuesday, and sold the equivalent of US$38,133,906 compared with US$36,807,071 on Tuesday.
In US dollar trading, dealers bought US$26,802,568 compared to US$34,532,237 on Tuesday. The buying rate for the US dollar fell 5 cents to $112.33 and US$34,429,946 was sold versus US$32,534,928 on Tuesday, the selling rate rose 1 cent to $112.74.
The Canadian dollar buying rate gained 87 cents to $101.61 with dealers buying C$1,892,810 and selling C$1,518,401 at an average selling rate that dipped a cent to $102.25.
The rate for theBritish Pound climbed $1.03 to $181.20, for the purchase of £2,424,184, while £1,231,406 was sold, the rate declined by 27 cents to $181.20. Other currencies bought, amounted to the equivalent of US$111,872, while selling was for the equivalent of US$347,657.
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, and the lowest selling was up, $18.24 to $110.09. The highest buying rate for the Canadian dollar fell 78 cents to $102.72, the lowest buying rate declined 87 cents to $80.97, the highest selling rate fell 70 cents to $105.50 and the lowest selling rate dived $1.05 to $97.55. The highest buying rate for the British Pound, dropped $3.62 to $183.88, the lowest buying rate gained $7.02 to $152.77. The highest selling rate fell $1.21 to $188.50 and the lowest selling rate jumped $20.75 to $175.
Selling more than buying but J$ stable
September 10, 2014 by