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Reading: J$ Weakens Slightly; Loonie and Sterling Tumble
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Queed - Global News Network > Economics > J$ Weakens Slightly; Loonie and Sterling Tumble
Economics

J$ Weakens Slightly; Loonie and Sterling Tumble

Queed Reporter
Last updated: June 21, 2025 12:44 pm
Queed Reporter 4 months ago
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Currency trading wrapped up on Friday, 20 June with the Jamaican dollar surrendering a sliver of value to the greenback, settling at J$160.93 per US $1—a modest 32-cent uptick on the day, according to the Bank of Jamaica’s official summary.

The story was different for the other majors:

  • Canadian dollar: cooled to J$117.96, shedding nearly J$1.56 from the previous close.
  • British pound: edged lower to J$216.32, slipping 4 cents.

Friday’s moves leave importers facing a marginally dearer US currency, while businesses transacting in Canadian and British funds enjoy a touch of relief. Traders will watch Monday’s opening to see whether the greenback’s momentum holds or profit-taking trims its gain.

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