Monday 27 January, 2020

Jamaican dollar closes at $127.94

The Jamaican dollar re-entered $127 territory against its US counterpart, according to Bank of Jamaica (BOJ) trading data.

The dollar closed Monday at $127.94 from $128.41 on the prior trading day. At the same time, the pound closed at $167.06 from $170.56. The Canadian dollar closed at $96.29 from $96.16.

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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