US dollar sells off but J$ rate holds

In Tuesday’s forex trading, the Jamaican dollar remained stable against the important US dollar, made gains against the Pound and lost value against the Canadian dollar, as authorized dealers sold more foreign currency than they purchased. Dealers bought the equivalent of US$34,338,154 versus US$41,974,274 on Monday, and sold the equivalent of US$40,477,535 compared with US$51,652,857 on Monday.
In US dollar trading, dealers bought US$29,935,672 compared to US$37,126,539 on Monday. The buying rate for the US dollar inched up 13 cents to $112.38 and US$37,367,280 was sold versus US$48,978,690 on Monday, the selling rate was unchanged at $112.71. The Canadian dollar buying rate dropped 80 cents to $100.11 with dealers buying C$893,359 and selling C$651,352 at an average selling rate that rose 7 cents to $102.16.The rate for the British Pound fell 10 cents to $180.99, for the purchase of £1,922,482, while £1,351,968 was sold, the rate eased by 19 cents to $182.72. Other currencies bought, amounted to the equivalent of US$510,474, while selling was for the equivalent of US$328,233.
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 rebound by $18.15 to $110. The highest buying rate for the Canadian dollar rose 35 cents to $102.45, the lowest buying rate fell 34 cents to $80.63. The highest selling rate is up $1.12 to $105.50. The lowest selling rate rose 30 cents to $97.15. The highest buying rate for the British Pound, rose 40 cents to $183.40, the lowest buying rate was unchanged at $145.25. The highest selling rate fell 36 cents to $188.64 and the lowest selling rate is up $1.30 to $176.30.