Globes: Shekel strengthens in post-holiday trading
19 September 12 09:23–The shekel is strengthening against the dollar and the euro in morning inter-bank trading today after the foreign currency exchange market was closed in Tel Aviv on Monday and Tuesday for the Rosh Hashanah Jewish New Year holiday. The shekel-dollar exchange rate is down 0.38%, compared with Friday’s representative rate, to NIS 3.895/$, and the shekel-euro exchange rate is down 0.28% to NIS 5.094/€.
In international markets, the euro again strengthened against the dollar to $1.308/$ after the dollar hit a fourth-month low against the euro last week.
The Israeli foreign currency exchange market will continue to be influenced by the US Federal Reserve’s decision last week to buy $40 billion of mortgage backed bonds with $23 billion of the bonds to be purchased this month…Read More>>
