3 October 12 09:59–The shekel is strengthening today against the dollar and euro in inter-bank trading in thin holiday trading. The shekel-dollar exchange rate is down 0.51%, compared with yesterday’s representative rate, at NIS 3.868/$, and the shekel-euro exchange rate is down 0.41% to NIS 5.001/€.
In international markets, the dollar is stable against the euro, and is traded at $1.291/€.
Atrade said today that it believes that breaking the NIS 3.88/$ level will lead the exchange rate to fall further to NIS 3.865/$, and closing below this level could lead to an even greater fall to NIS 3.8/$. On the other hand, any strengthening of the dollar could take it up to NIS 3.93/$…Read More>>