Strong positive US$ inflows for December

In foreign exchange trading on Tuesday net inflows was a positive US$5.6 million, continuing the positive flows for the month to date, with only two trading days with negative flows. Market activity led to the selling rates of the three most heavily traded currencies falling.
At the close of the market, dealers bought the equivalent of US$56,569,758 of all currencies and sold US$50,911,941, compared to US$57,145,968 purchased and US$44,171,546 sold on Monday.
In US dollar trading, dealers bought US$42,554,466 compared to US$49,535,429 on Monday. The buying rate for the US dollar rose 4 cents to $127.77. A total of US$39,593,605 was sold versus US$40,408,814 on Monday, with the selling rate declining 3 cents to end at $128.58. The Canadian dollar buying rate rose $1.16 to $96.06, with dealers buying C$13,395,825 and selling C$12,250,744 at an average rate that increased 39 cents to finish at $96.70. The average rate for buying the British Pound rose $1 to $158.20 for the purchase of £2,920,959 while £953,157 was sold with a fall of 81 cents to end at $158.79.
At the end of trading on Tuesday, dealers sold €519,303 with the selling rate for the Euro, closing with a rise of 41 cents to $136.11, according to data from Bank of Jamaica. Dealers purchased €212,007 of the European common currency at $130.04 after rising $1.29. The US dollar equivalent of other currencies traded, amounts to US$111,749 being bought and selling of US$377,917.
Highs & Lows| Notable changes to the highest and lowest rates for the regularly traded foreign currencies on Tuesday, include a rise of $1 in the lowest selling rate of the US dollar to $121. The highest buying rate for the Canadian dollar fell $2.45 to end at $97.55, while the highest selling rate dipped $2.34 to $102.10 and the lowest selling rate lost $1.50 to $90. The highest buying rate for the British Pound fell $5.25 to $160.36, the highest selling rate jumped $7.28 to end at $175 and the highest selling rate for the Euro dropped $2.72 to $137.14.