Jam$ falls vs US rise with others- Wednesday

The Jamaica dollar slipped moderately in value at the close of foreign currency trading on Wednesday against the US dollar but gained against the others.
Inflows of all currencies amounted to the equivalent US$30.57 million compared to US$37.57 million bought on Tuesday and sold US$42.74 million compared to US$42.54 million sold on Tuesday.
At the close of foreign currency trading, dealers sold US$41.45 million, 5 cents more than on Tuesday with the US dollar selling rate closing at J$125.42, compared to J$125.37 in the sale of US$40.38 million on Tuesday. Purchases of the US currency by dealers, amounted to US$28.57 million, with the average rate adding 4 cents to end $124.04, compared to US$35.51 million, with the average rate of $124 on Tuesday.
At mid-day on Wednesday dealers purchased US$13.07 million at an average rate of J$124.36 and sold $14.19 million at an average of J$125.26. At mid-day on the previous trading day, dealers purchased US$ US$13.07 million at an average rate of J$124.36 and sold $14.19 million at an average of J$125.26.
The Jamaican dollar closed trading, with the selling rate for the Canadian dollar, falling to J$97.43 from J$100.50 at the close on Tuesday. The selling rate for the British Pound declined to J$167 from J$171.54 previously and the euro declined versus the Jamaican dollar to J$151.76 to buy the European common currency, versus the prior selling rate of J$152.19.

Jamaican$ falls in value – Tuesday

The Jamaica dollar slipped moderately in value at the close of foreign currency trading on Tuesday against all the main currencies it mostly trade against, except the pound.
Inflows of all currencies amounted to the equivalent US$37.57 million compared to US$63.21 million bought on Monday and sold US$42.54 million compared to US$63.48 million sold on Monday.
At the close of foreign currency trading, dealers sold US$40.38 million, 5 cents more than on Monday with the US dollar selling rate closing at J$125.37, compared to J$125.32 in the sale of US$46.64 million on Monday. Purchases of the US currency by dealers, amounted to US$35.51 million, with the average rate falling 33 cents to $124, compared to US$58.09 million, with the average rate of $124.33 on Monday.
At mid-day on Tuesday dealers purchased US$13.07 million at an average rate of J$124.36 and sold $14.19 million at an average of J$125.26. At mid-day on the previous trading day, dealers purchased US$25.27 million at an average rate of J$124.58 and sold $19.78 million at an average of J$125.24.
The Jamaican dollar closed trading, with the selling rate for the Canadian dollar, rising to J$100.50 from J$98.23 at the close on Monday. The selling rate for the British Pound declined to J$171.54 from J$172.28 previously and the euro rose versus the Jamaican dollar to J$152.19 to buy the European common currency, versus the prior selling rate of J$151.70.

Jamaican$ gains against all – Monday

The Jamaican dollar gained further ground at the close of foreign currency trading on Monday against all the four main currency it mostly trade against daily.
Inflows of all currencies amounted to the equivalent US$63.21 million compared to US$35.26 million bought on Friday and sold US$63.48 million compared to US$37.86 million sold on Friday.
At the close of foreign currency trading, dealers sold US$46.64 million, 21 cents less than on Friday with the US dollar selling rate closing at J$125.32, compared to J$125.53 in the sale of US$29.69 million on Friday. Purchases of the US currency by dealers, amounted to US$58.09 million, with the average rate rising 58 cents to $124.33, compared to US$29.47 million, with the average rate of $123.75 on Friday.
At mid-day on Monday dealers purchased US$25.27 million at an average rate of J$124.58 and sold $19.78 million at an average of J$125.24. At mid-day on the previous trading day, dealers purchased US$8.2 million at an average rate of J$124.37 and sold $7.46 million at an average of J$125.44.
The Jamaican dollar closed trading, with the selling rate for the Canadian dollar, declining to J$98.23 from J$100.96 at the close on Friday. The selling rate for the British Pound declined to J$172.28 from J$174.70 previously and the euro fell versus the Jamaican dollar to J$151.70 to buy the European common currency, versus the prior selling rate of J$152.09.

More recovery for Jamaican$ – Friday

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The Jamaica dollar gained further ground at the close of foreign currency trading on Friday against the US and the Canadian dollars and the euro as volumes increased over the previous week.
Dealers bought US$201 million in all currencies, up from US$191 million bought in the previous week and sold US$217 million, compared to US$210 million in the prior week. Actual US dollar purchases by dealers amounted to US$178 million from US$166 million in the prior week and sold US$190 million including US$15 sold to Bank of Jamaica in the BFXITT auction, compared to US$184 million previously.
Inflows of all currencies amounted to the equivalent US$35.26 million compared to US$34.79 million bought on Thursday and sold US$37.86 million compared to US$31.28 million sold on Thursday.
At the close of foreign currency trading, dealers sold US$29.69 million, 4 cents less than on Thursday with the US dollar selling rate closing at J$125.53, compared to J$125.57 in the sale of US$27.16 million on Thursday. Purchases of the US currency by dealers, amounted to US$29.47 million, with the average rate dropping 55 cents to $123.75, compared to US$32.90 million, with the average rate of $124.30 on Thursday.
At mid-day on Friday dealers purchased US$8.2 million at an average rate of J$124.37 and sold $7.46 million at an average of J$125.44. At mid-day on the previous trading day, dealers purchased US$12.17 million at an average rate of J$124.70 and sold $7.66 million at an average of J$125.49.
The Jamaican dollar closed trading, with the selling rate for the Canadian dollar, declining to J$100.96 from J$101.70 at the close on Thursday. The selling rate for the British Pound rose to J$174.7 from J$173.57 previously and the euro fell versus the Jamaican dollar to J$152.09 to buy the European common currency, versus the prior selling rate of J$152.63.

Jamaican$ recovers from B-Fxitt effect – Thursday

The Jamaica dollar recovered on Thursday from some of the losses suffered when dealers sold US dollars to Bank of Jamaica in the B-FXITT auction that helped to push up the selling rate on Wednesday.
Inflows of all currencies amounted to the equivalent US$34.79 million compared to US$38.04 million on Wednesday and sold US$31.28 million compared to US$55.58 million, including the amount sold to Bank of Jamaica on Wednesday.
At the close of foreign currency trading, dealers sold US$27.16 million, for 16 cents less than on Wednesday with the US dollar selling rate closing at J$125.57, compared to J$125.73 in the sale of US$52.03 million on Wednesday. Purchases of the US currency by dealers, amounted to US$32.90 million, with the average rate climbing 26 cents to $124.30, compared to US$32.44 million, with the average rate of $123.94 on Wednesday.
At mid-day on Thursday dealers purchased US$12.17 million at an average rate of J$124.70 and sold $7.66 million at an average of J$125.49. At mid-day on the previous trading day, dealers purchased US$14 million at an average rate of J$124.51 and sold $18.42 million at an average of J$125.38.
The Jamaican dollar closed trading, with the selling rate for the Canadian dollar, jumped to J$101.70 from J$97.54 at the close on Wednesday. The selling rate for the British Pound declined to J$173.57 from J$174.67 previously and the euro fell versus the Jamaican dollar to J$152.63 to buy the European common currency, versus the prior selling rate of J$154.27.

Forex volume up with B-Fxitt trade – Wednesday

Bank of Jamaica bought US$15 million in the B-FXITT auction on Wednesday, with the average rates against the US dollar for accepted offer ending at $126.29. A total of 31 bids were received to sell US$21.85 million up to a rate of $128 and a low of $124.70
Dealers enjoyed inflows of all currencies amounting to the equivalent US$38.04 million compared to US$43.20 million bought on Tuesday and sold US$55.58 million, including the amount sold to Bank of Jamaica. US$44.03 million was sold on Tuesday.
At the close of foreign currency trading, dealers sold US$52.03 million, including the BOJ sales, at 37 cents more than on Tuesday with the US dollar selling rate closing at J$125.73, compared to J$125.36 in the sale of US$39.23 million on Tuesday. Purchases of the US currency by dealers, amounted to US$32.44 million, with the average rate declining 23 cents to $123.94, compared to US$40.56 million, with the average rate of $124.17 on Tuesday.
At mid-day on Wednesday dealers purchased US$14 million at an average rate of J$124.51 and sold $18.42 million at an average of J$125.38. At mid-day on the previous trading day, dealers purchased US$14 million at an average rate of J$124.51 and sold $18.42 million at an average of J$125.38.
The Jamaican dollar closed trading, with the selling rate for the Canadian dollar, dropped to J$97.54 from J$101.34 at the close on Tuesday. The selling rate for the British Pound declined to J$174.67 from J$176.07 previously and the euro fell versus the Jamaican dollar to J$154.27 to buy the European common currency, versus the prior selling rate of J$154.99.

Forex volume remains elevated – Tuesday

Trading volumes remained high in the Jamaica foreign currency market on Tuesday, with the average rates against the US dollar rising against the closing rates on Monday.
Dealers enjoyed inflows of all currencies amounting to the equivalent US$43.20 million compared to US$49.25 million bought on Monday and sold US$44.03 million versus US$48.57 million previously.
At the close of foreign currency trading, dealers sold US$39.23 million at 14 cents more than on Monday with the US dollar selling rate closing at J$125.36, compared to J$125.22 in the sale of US$42.11 million at the close, on Monday. Purchases of the US currency by dealers, amounted to US$40.56 million, with the average rate rising 35 cents to $124.17, compared to US$42.64 million, with the average rate of $123.82 on Monday.
At mid-day on Tuesday dealers purchased US$14 million at an average rate of J$124.51 and sold $18.42 million at an average of J$125.38. At mid-day on the previous trading day, dealers purchased US$14.62 million at an average rate of J$124.18 and sold $10.34 million at an average of J$125.29.
The Jamaican dollar closed trading, with the selling rate for the Canadian dollar, climbed to J$101.34 from J$98.36 at the close on Monday. The selling rate for the British Pound rose to J$176.07 from J$175.34 previously and the euro gained versus the Jamaican dollar to J$154.99 to buy the European common currency, versus the prior selling rate of J$153.42.

Forex volume rises on Monday

Trading volumes increased in the Jamaica foreign currency market on Monday, with the average selling rate against the US dollar rising modestly and the buying rate easing versus the closing rate on Friday.
Dealers enjoyed inflows of all currencies amounting to the equivalent US$49.25 million compared to US$38.7 million bought on Friday and sold US$48.57 million versus US$33.34 million previously.
At the close of foreign currency trading, dealers sold US$42.11 million at 3 cents more than on Friday with the US dollar selling rate closing at J$125.22, compared to J$125.19 in the sale of US$30.55 million at the close, on Friday. Purchases of the US currency by dealers, amounted to US$42.64 million, with the average rate falling 18 cents to $123.82, compared to US$35.32 million, with the average rate of $124 on Friday.
At mid-day on Monday dealers purchased US$14.62 million at an average rate of J$124.18 and sold $10.34 million at an average of J$125.29. At mid-day on the previous trading day, dealers purchased US$12.59 million at an average rate of J$124.63 and sold $11.54 million at an average of J$125.15.
The Jamaican dollar closed trading, with the selling rate for the Canadian dollar, fell to J$98.36 from J$99.06 at the close on Friday. The selling rate for the British Pound declined to J$175.34 from J$175.94 previously and the euro declined versus the Jamaican dollar to J$153.42 to buy the European common currency, versus the prior selling rate of J$156.23.

Forex trading picks on Friday

Trading volumes declined sharply in the Jamaica foreign currency market on Friday, but the average trading rate against the US dollar fell, with inflows of US$38.7 million of all currencies and sale of US$33.34 million.
On Thursday, the market closed with the equivalent of US$27.57 million bought by dealers of all currencies, while they sold US$34.96 million.
The amounts of foreign currencies traded by dealers during the past week fell from the prior week. Dealers bought US$191 million in all currencies, down from US$239 million bought in the previous week. Dealers sold US$210 million, compared to US$240 million in the prior week. Actual US dollar purchases by dealers amounted to US$166 million down from US$211 million in the prior week and they sold US$184 million compared to US$222 million previously.
The Jamaica dollar gained modestly in value against the US dollar, at the close of foreign currency trading, with dealers selling US$30.55 million for 19 cents less than on Thursday with the US dollar selling rate closing at J$125.19, compared to J$125.37 in the sale of US$31.29 million at the close, on Thursday. Purchases of the US currency by dealers, amounted to US$35.32 million, with the average rate rising 35 cents to $124, compared to US$23.18 million, with the average rate of $123.65 on Thursday.
At mid-day on Friday dealers purchased US$12.59 million at an average rate of J$124.63 and sold $11.54 million at an average of J$125.15. At mid-day on the previous trading day, dealers purchased US$7.34 million at an average rate of J$124 and sold $9.8 million at an average of J$125.37.
The Jamaican dollar closed trading, with the selling rate for the Canadian dollar, inched lower to J$99.06 from J$99.57 at the close on Thursday. The selling rate for the British Pound declined to J$175.94 from J$178.11 previously and the euro declined versus the Jamaican dollar to J$156.23 to buy the European common currency, versus the prior selling rate of J$156.55.

Forex trading drops on Thursday

Trading volumes declined sharply in the Jamaica foreign currency market on Thursday, but the average trading rate against the US dollar fell, with inflows of US$27.57 million of all currencies and sale of US$34.96 million.
On Wednesday, the market closed with the equivalent of US$34.93 million bought by dealers of all currencies, while they sold US$54.24 million.
The Jamaica dollar gained modestly in value against the US dollar, at the close of foreign currency trading, with dealers selling US$31.29 million for 8 cents less than on Wednesday with the US dollar selling rate closing at J$125.37, compared to J$125.45 in the sale of $49.50 million at the close, on Wednesday. Purchases of the US currency by dealers, amounted to just US$23.18 million, with the average rate falling 8 cents to $123.65, compared to US$30.26 million, with the average rate of $123.73 on Wednesday.
At mid-day on Thursday dealers purchased US$7.34 million at an average rate of J$124 and sold $9.8 million at an average of J$125.37. At mid-day on the previous trading day, dealers purchased US$13.17 million at an average rate of J$124.42 and sold $15.78 million at an average of J$125.54.
The Jamaican dollar closed trading, with the selling rate for the Canadian dollar, inched up to J$99.57 from J$99.54 at the close on Wednesday. The selling rate for the British Pound rose to J$178.11 from J$177.61 previously and the euro declined versus the Jamaican dollar to J$156.55 to buy the European common currency, versus the prior selling rate of J$158.54.

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