Saturday 19 October, 2019

Jamaican dollar appreciates by 66 cents

The Jamaican dollar appreciated by 66 cents against its US counterpart, according to Bank of Jamaica (BOJ) trading data for Thursday.

The dollar closed at  $127.28 from $127.94 on the prior trading day. At the same time, the pound remained firm at $167.06, while the Canadian dollar closed at $97.20 from $96.29.

The dollar appreciated amid announcements by the BOJ under its B-FXITT plan, that it would neither buy nor sell into the system for two weeks, during a period of strong inflows.

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