Dealers sold a net of US$9 million on Tuesday as seller continues to be more than buying for sometime. Purchases of all currencies by dealers amounted to a haul of US$45,222,043 equivalent, compared with US$62,127,595, on Monday and selling of the equivalent of US$54,550,791 versus a large sale of US$71,025,900, on the previous trading day.
In US dollar trading, dealers bought US$40,889,369 compared to US$57,302,053 on Monday. The buying rate for the US dollar fell 9 cents to $114.49 and US$51,941,632 was sold versus US$68,765,502 on Monday, the selling rate edged up 2 cents to end at $115.04. The Canadian dollar buying rate rose 15 cents to $89.23 with dealers buying C$2,100,599 and selling C$940,479, at an average rate that fell 13 cents to $90.62. The rate for buying the British Pound slipped 34 cents to $168.35 for the purchase of £1,740,601, while £731,391 was sold, at an average rate of $169.97, for a 4 cents rise. At the end of trading it took J$124.57 to purchase the Euro, 75 cents less than on Monday, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$122.23 for a fall of 63 cents from Monday’s rate. Other currencies bought, amounted to the equivalent of US$136,032 while the equivalent of US$787,729, was sold.
Highs & Lows| The highest buying rate for the US dollar, remained at $115.30. The lowest buying rate jumped $4.86 to $93.94, the highest selling rate inched up 6 cents to $120.43 and the lowest selling rate dived 38 cents to $95.79. The highest buying rate for the Canadian dollar fell 50 cents to $91, the lowest buying rate climbed 33 cents to $72.79, but the highest selling rate declined 66 cents to $93.84 while the lowest selling rate rose 70 cents to $86.50. The highest buying rate for the British Pound, fell $2.80 to $170.25, the lowest buying rate dropped $1 to $136.20 but highest and the lowest selling rates remained unchanged at $176.87 and $164.10, respectively.
US$9M sold off on Tuesday
March 31, 2015 by
