Sunday 23 September, 2018

Jamaican dollar made gains during trading week

The Jamaican dollar appreciated during the trading week after weeks of depreciation, according to Bank of Jamaica (BOJ) trading data.

The dollar closed at $137.01 from starting the week at $137.53.

It hit a low of $137.55 on Thursday. The dollar appreciated amid announcements by the BOJ, under its B-FXITT sales, that it would sell just over half the amount of US dollars into the system over the next two weeks (totaling US$35 million) when compared with the previous two weeks (totaling US$65 million).

The dollar depreciation was accelerated between June to August this year.

The pound closed at $177.53 from starting the trading week at $176.49. The Canadian dollar closed at $105.60 from $105.90.

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