September off with surplus FX

The buoyancy in the foreign exchange market with inflows exceeding which characterized the market in August carried over into September with authorized dealers buying another $3 million more than they sold on Thursday, bringing the net inflows since the end of June, to US$271 million.
In Thursday’s trading, dealers bought US$32,204,317 and sold US$29,187,613 compared to US$38,398,614 purchased and US$35,708,315 sold on Wednesday, of all currencies.
In US dollar trading, dealers bought US$29,599,812 compared to US$35,926,513 on Wednesday. The buying rate for the US dollar fell 1 cent to close at $126.89. A total of US$28,195,660 was sold versus US$31,057,928 on Wednesday, with the selling rate rising 8 cents to end at $127.66. The Canadian dollar buying rate rose $1.55 to $96.06, with dealers buying C$1,513,995 and selling C$629,370 at an average rate that fell $1.25 to $97.49. The average rate for buying the British Pound rose 44 cents to $164.70 for the purchase of £1,003,295 while only £295,065 was sold with the rate that climbing 47 cents to end at $167.70.
At the end of trading, the selling rate for the Euro, jumped $3.56 to close at J$144.51 from Wednesday’s rate, according to data from Bank of Jamaica, dealers purchased the European common currency at J$136.28 for a fall of 98 cents from the rate on Wednesday. The US dollar equivalent of other currencies traded amounts to US$156,176 being bought, while US$123,678, was sold.
Highs & Lows| Notable changes to the highest and lowest traded rates, for the Jamaican dollar in the foreign exchange market on Thursday, include a drop of $19.08 in the lowest selling rate for the US dollar to $103.92. The highest buying rate for the Canadian Dollar jumped $3.30 to close at $100.50, the highest selling rate climbed $3.58 to $104.70 and the lowest selling rate fell by $2.20 to $92. Trading in the British Pound resulted in a rise of $1.05 in the highest buying rate to $170.65, a rise of $1.62 in the highest selling rate to close of $175.28 and a decline in the lowest selling rate of $2 to $160.50.