J$148.15 to US$1

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The Jamaican dollar pulled back a little from its high of just around $150 to US$, to open trading at its strongest in more than a week against the US dollar.

Trading commenced Wednesday morning at J$148.15 to US$1, following the Bank of Jamaica’s Intervention in the market Tuesday with a flash sale of US$20 million.

Since March the dollar has lost more than 10 percent of its value.

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