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Feb 23: JMD sells for $121.76

Published:Tuesday | February 23, 2016 | 6:47 PM

The Jamaica dollar declined by seven cents to settle at $121.76 on Tuesday against the US dollar.

But the local currency racked up gains against its other two major partners, appreciating by $1.22 against the Canadian dollar at $87.35, at $1.49 against the pound at $170.63.

In the US dollar market, demand narrowly outpaced inflows. Traders sold US$39.6 million of currency, while buying up US$38 million.

The JMD has depreciated 1.12 per cent against the USD year to date.

business@gleanerjm.com