Jamaica’s foreign-exchange market closed Friday, 20 June with the local dollar giving up just under a third of a dollar to the United States currency. The Bank of Jamaica’s afternoon bulletin put the US dollar at J$160.93, a rise of 32 cents compared with Thursday’s settlement.
The day’s momentum moved in the opposite direction for the other two major trading partners tracked by the central bank:
- Canadian dollar: finished at J$117.96, slipping J$1.56.
- British pound: eased to J$216.32, down a modest 4 cents.
Friday’s print leaves the greenback anchored in the mid-J$160 corridor it has occupied for most of the month, while both the Canadian and UK units continue to soften after flirting with higher territory earlier in the week. Traders will be watching Monday’s opening to see whether month-end corporate demand extends the US dollar’s advantage or if seasonal inflows provide the Jamaican dollar with some breathing space.
