BusinessEconomics

Forex Update: JMD Sees Mixed Movements Against Major Currencies

KINGSTON, Jamaica – On Wednesday, May 20, currency markets reflected modest shifts across major foreign denominations. According to data released by the Bank of Jamaica, the Jamaican dollar slipped slightly against the US dollar, closing at J$159.68, up by 19 cents.

The Canadian dollar posted a stronger gain, climbing to J$115.30 from J$114.35, while the British pound dipped marginally, settling at J$213.66, down from J$214.22.

These movements come amid ongoing adjustments in global currency markets, with traders keeping a close eye on macroeconomic indicators influencing forex rates across the region.

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