The strong signs of the selloff of US dollars are visible in forex market activities on Monday. Dealers dropped their buying price nearly $2 lower than on Friday, to $126.72 for the US dollar down from $128.42 on Friday.
US currency purchases, accounted for only US$15.82 million, up from total inflows US$46.71 million on Friday. Dealers sold US$30.04 million at an average rate of J$129.06 versus J$129.09 for US$47.73 million previously.
Inflows of all currencies into Jamaica’s forex market slipped to only US$20.95 million compared to US$55.46 million on Friday, while dealers sold US$33.91 million versus US$53.50 million, previously.
The selling rate for the Canadian dollar climbed to J$103.78 from J$103.22 at the close on Friday. The British Pound rose to J$169.55 for buying the British currency versus J$168.61 previously and the euro lost value against the Jamaican dollar, with it taking J$151.19 to buy the European common currency, versus J$152.05, previously.

The Jamaican dollar made further gains on Friday and for the week sitting just above $129 to the US in forex trading, as dealers sold off US$28 million more than they purchased during the week.
For the week US$237 million was purchased by dealers while they sold $265 million as inflows remain very buoyant with dealers selling US$47.73 million at an average rate of J$129.07 versus J$129.34 for US$39.07 million previously.
US currency purchases, accounted for US$46.71 million at an average rate of JS$128.42 up from total inflows US$33.93 million on Thursday at an average rate of J$128.35.
Inflows of all currencies into Jamaica’s forex market jumped to US$55.46 million compared to US$41.15 million on Thursday, while dealers sold US$53.50 million versus US$46.03 million, previously.
The selling rate for the Canadian dollar slipped to J$ 103.22 from J$104.11 at the close on Thursday. The British Pound declined to J$168.61 for buying the British currency versus J$171.45 previously and the euro lost value against the Jamaican dollar, with it taking J$152.05 to buy the European common currency, versus J$153.03, previously.

The Jamaican dollar made gains on Thursday in Jamaican forex market as dealers sold US$39.07 million at an average rate of J$129.34 versus J$129.45 for US$56.74 million previously.
US currency purchases, accounted for US$33.93 million at an average rate of JS$128.35 compared in total inflows US$38.54 million on Wednesday, at an average rate of J$128.55.
Inflows of all currencies into Jamaica’s forex market ended at US$41.15 million compared to US$44.76 million on Wednesday, while dealers sold US$46.03 million, well down on the US$62.53 million, previously.
The selling rate for the Canadian dollar slipped to J$104.11 from J$104.14 at the close on Wednesday. The British Pound declined to J$171.45 for buying the British currency versus J$172.35 previously and the euro lost value against the Jamaican dollar, with it taking J$153.03 to buy the European common currency, versus J$154.41, previously.

Dealers in Jamaican forex market, sold off US dollars on Wednesday with the selling rate falling below Tuesday’s rate of JS$129.57 to the US and ending at J$129.46 on Wednesday as selling exceeded buying by a wide margin.
Inflows of all currencies into Jamaica’s forex market ended down, at US$44.76 million compared to US$48.33 million on Tuesday, while dealers sold US$62.53 million versus US$49.45 million, previously.
US currency purchases, accounted for US$38.54 million of total inflows, at an average rate of J$128.55 versus J$128.62 for US$40.80 million on Tuesday, while dealers sold US$56.74 million compared to US$43.61 million previously.
The selling rate for the Canadian dollar rose to J$104.14 from J$103.94 at the close on Tuesday. The British Pound rose to J$172.35 for buying the British currency versus J$170.96 previously and the euro gained in value against the Jamaican dollar, with it taking J$154.41 to buy the European common currency, versus J$152.57, previously.

The Jamaican dollar marginally lost value on Tuesday, with the rate against the US dollar that dealers sold at, inching to $129.57 from JS$129.56 on Monday and as slightly more funds were sold than bought.
Inflows of all currencies into Jamaica’s forex market ended on Tuesday at US$48.33 million compared to Monday’s US$46.95 million, while dealers sold US$49.45 million versus US$53.91 million, previously.
US currency purchases, accounted for US$40.80 million of the total inflows, at an average of J$128.62 versus J$128.48 for US$43.78 million on Monday, while dealers sold US$43.61 million compared to US$52.12 million previously.
The selling rate for the Canadian dollar rose to J$103.94 from J$102.48 at the close on Monday. The British Pound dropped to J$170.96 for buying the British currency versus J$171.50 previously and the euro gained in value against the Jamaican dollar, with it taking J$152.57 to buy the European common currency, versus J$151.84, previously.

The Jamaican dollar recovered more value on Monday, with the rate against the US dollar that dealers sold at, falling to $129.56 from JS$129.91 on Friday and as more funds were sold than bought.
Inflows of all currencies into Jamaica’s forex market ended on Monday at US$46.95 million compared to Friday’s US$37.34 million, while dealers sold US$ 53.91 million versus US$37.23 million, previously.
US currency purchases, accounted for US$43.78 million of the total inflows, at an average of J$128.48 versus J$128.49 for US$28.65 million on Friday, while dealers sold US$52.12 million compared to US$30.35 million previously.
The selling rate for the Canadian dollar dropped to J$102.48 from J$105.10 at the close on Friday. The British Pound dropped to J$171.50 for buying the British currency versus J$173.88 previously and the euro declined in value against the Jamaican dollar, with it taking J$151.84 to buy the European common currency, versus J$152.45, previously.

The Jamaican dollar made further gains in recovering lost value on Friday, with the rate against the US dollar that dealers sold at, falling to $129.91 from JS$129.99 on Thursday.
Inflows of all currencies into Jamaica’s forex market ended on Friday at US$37.34 million down from Thursday’s US$46.71 million, while dealers sold US$37.23 million versus US$50.04 million, previously.
US currency purchases, accounted for US$28.65 million of the total inflows, at an average of J$128.49 versus J$129.12 for US$36.83 million on Thursday, while dealers sold US$30.35 million compared to US$38.66 million previously.
The selling rate for the Canadian dollar dropped to J$105.10 from J$105.55 at the close on Thursday. The British Pound dropped to J$173.88 for buying the British currency versus J$176.21 previously and the euro declined in value against the Jamaican dollar, with it taking J$152.45 to buy the European common currency, versus J$157.14, previously.

The Jamaican dollar made gains on Thursday, with the rate against the US dollar falling back below $130 after it surged earlier in the month to more than J$131 to the US.
Selling by Bank of Jamaica through the new weekly auction system of US$75 million since the last week in August seems to have met most of the demand so far. Inflows of all currencies into Jamaica’s forex market ended on Thursday at US$46.71 million down from Wednesday’s US$48.90 million, inclusive of the BOJ auction sale of US$10 million, while dealers sold US$50.04 million versus US$47.27 million, previously.
US currency purchases, accounted for US$36.83 million of the total inflows, at an average of J$129.12 versus J$129.40 for US$40.57 million on Wednesday, while dealers sold US$38.66 million at JS$129.99 compared to J$130.37 for US$39.66 million previously.
The selling rate for the Canadian dollar dropped to J$105.55 from J$105.80 at the close on Wednesday. The British Pound was marginally more costly, with J$176.21 buying the British currency versus J$175.50 previously and the euro rose in value against the Jamaican dollar, with it taking J$157.14 to buy the European common currency, versus J$154.06 previously.

Inflows of all currencies into Jamaica’s forex market, rose on Wednesday to US$48.90 million from Tuesdays’ US$45.06 million, while dealers sold US$47.27 million versus US$49.48 million, previously.
Bank of Jamaica weekly auction scheduled for Wednesday would have pumped $10 million into the system and is expected to be included in the total inflows.
US currency purchases, accounted for US$40.57 million of the total inflows, at an average of J$129.40 versus J$129.26 for US$36.50 million on Tuesday, while dealers sold US$39.66 million at JS$130.37 compared to J$130.45 for US$41.60 million previously.
The selling rate for the Canadian dollar dropped to J$105.80 from J$106.41 at the close on Tuesday. The British Pound was marginally more costly, with J$175.50 buying the British currency versus J$175.34 previously and the euro fell in value against the Jamaican dollar, with it taking J$154.06 to buy the European common currency, versus J$156.15 previously.

Inflows of all currencies into Jamaica’s forex market rose on Tuesday to US$45.06 million from Mondays’ US$41.73 million, while dealers sold US$49.48 million versus US$40.33 million, previously.
US currency purchases, accounted for US$36.50 million at an average of J$129.26 versus J$129.28 for US$36.29 million on Monday, while dealers sold US$41.60 million at JS$130.45 compared to J$130.52 for US$36.04 million previously.
The selling rate for the Canadian dollar rose to J$106.41 from J$106.06, at the close on Monday. The British Pound was marginally more costly, with J$175.34 buying the British currency versus J$175.30 previously and the euro, fell slightly in value against the Jamaican dollar, with it taking J$156.15 to buy the European common currency, versus J$156.18 previously.