29 October 12 09:51–The shekel weakened slightly against the main currencies in interbank trading this morning. The shekel-dollar rate is up 0.32% compared with Friday’s representative rate, at NIS 3.8863/$. The shekel-euro rate is up 0.15%, at NIS 5.0173/€.
On world markets, the dollar is stable against the euro, at around $1.29/€, and has weakened slightly against the yen to ¥79.7/$.
There will be no trading on Wall Street today because of the approach of hurricane Sandy to the east coast of the US.
In Israel, the Bank of Israel will announce its key interest rate for November this evening. The rate is expected to be left unchanged at 2.25%, for the fourth successive month. For the first time since the surge in housing prices, the Bank of Israel has lately explicitly cited worries about a real estate bubble. Bank of Israel mortgage data clearly show the steady increase in applications for housing loans, as people return to the real estate market, and bringing new macro-prudential measures closer…Read More>>