US$7.5M more sold off on Thursday

Dealers sold a net of US$7.5 million on Thursday following on net sale of US$10 million on Wednesday and US$9 million on Tuesday. There was also net sale on Monday but that was in keeping with surplus on the previous Friday. Purchases of all currencies by dealers amounted to a haul of US$36,675,222 equivalent, compared with US$33,890,697, on Wednesday and selling of the equivalent of US$44,135,664 versus sale of US$43,245,266, on the previous trading day.
In US dollar trading, dealers bought US$32,120,784 compared to US$27,646,745 on Wednesday. The buying rate for the US dollar fell 3 cents to $114.39 and US$42,297,150 was sold versus US$39,278,675 on Wednesday, the selling rate fell 2 cents to end at $115.02. The Canadian dollar buying rate rose just 9 cents to $90.15 with dealers buying C$3,026,782 and selling C$1,569,586, at an average rate that gained 12 cents to $90.87. The rate for buying the British Pound slipped 33 cents to $167.78 for the purchase of £1,383,469, while £340,974 was sold, at an average rate of $169.57, for a 47 cents fall. At the end of trading it took J$123.76 to purchase the Euro, 20 cents more than on Wednesday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$121.25 for a rise of 13 cents on Wednesday’s rate. Other currencies bought, amounted to the equivalent of US$139,921 while the equivalent of US$95,765, was sold.
Highs & Lows| The highest buying rate for the US dollar, dropped $1.35 to $115.15. The lowest buying and the highest selling rates remained at $93.77 and $121.23 respectively, while the lowest selling rate fell 70 cents to $112.30. The highest buying rate for the Canadian dollar rose 10 cents to $91.20, the lowest buying rate rose by 83 cents to $72.21, but the highest selling rate was fell 18 cents to $93.66 while the lowest selling rate fell $1 to $87. The highest buying rate for the British Pound, rose 10 cents to $170.35, the lowest buying rate rose 33 cents to $136.45 but the highest selling rate fell $1.55 to $173.93 and the lowest selling rate declined by $1.60 to $164.40.