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Jamaican dollar cracks $90 barrier
2012-10-04 16:45:49 | (0 Comments)
Two days of broker demand for the US dollar have pushed the value of the Jamaican currency above J$90.
The JMD closed at J$90.06 Thursday on low supplies, according to traders.
The Bank of Jamaica reported that USD purchase volumes amounted to US$22.6 million while sale volumes were just under US$20 million.
The dollar remains below the J$90 on the 10-day moving average scale, at J$89.92.
In other currency trades, the Canadian closed at J$91.68 while the pound sterling sold for an average of J$145.40 on Thursday.
Source: The Gleaner/Power 106 News
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