This week in the forex market the Jamaican dollar regained some footing against the USD, CAD & Euro, however depreciated against the British Pound for another week. The positive news comes on the backdrop of the Bank of Jamaica (BOJ) intervening in the forex market. On more than one occasion, over the course of the week, the Central Bank hosted a flash sale, pumping over US$50M into the market.

This week in the forex market the Jamaican dollar regained some footing against the USD, CAD & Euro, however depreciated against the British Pound for another week. The positive news comes on the backdrop of the Bank of Jamaica (BOJ) intervening in the forex market. On more than one occasion, over the course of the week, the Central Bank hosted a flash sale, pumping over US$50M into the market. Consequently, the Jamaican dollar strengthen against the major traded currencies, appreciating as high as $1.85 this week. The Jamaican dollar fell by $0.37 against the British Pound to close the week at J$177.81:GBP1.

The Jamaica Stock Exchange saw a decline on both the Main and Junior markets this week. The Main market declined by 0.92% while the Junior market fell by 0.48%. 138 Student Living and SSL Venture Capital Ja. were the top performers in the main and junior market this week, respectively. Despite being named the top performing main market this week, 138 Student Living’s year to date performance was neutral. Proven Investments and CAC 200 Ltd. were the worst performing stock this week; Proven Investment was previously named top performing main market for the week, however the stock price fell by J$7.50 this week. CAC 2000 stock price declined by J$2.52 or 16.78% this week to fall to a three month low of J$12.50.

In international financial markets this week, the S&P 500 as well as the Dow Jones saw margin movements as the major indices advanced by on 0.17%. The Nikkei fell for the first time this year, however the index’s year to date performance remains positive. Yields on all tenor of US Treasuries declined this week, falling by as much as 6 basis points this week. Consequently, the year to date performance of US Treasuries has fallen negative results.

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