Don't miss the inspiring speeches at The Jerusalem Post Conference
Shekel continues to weaken against the dollar
ByNADAV NEUMAN / GLOBES
October 10, 2012 13:32

The shekel continued to weaken against the dollar and strengthen against the euro in morning inter-bank trading Wednesday. The shekel-dollar exchange rate is up a further 0.26 percent, compared with Tuesday's representative rate, to NIS 3.872/$, and the shekel-euro exchange rate was down a further 0.34% to NIS 4.982/€.

FXCM Israel research department head Moshe Shalom said, "The drop in the shekel-dollar exchange rate to NIS 3.855/$ was expected, but it now seems that global conditions are permitted a deeper and more violent movement than what we've felt so far."

"All the conditions now point to a stronger probability of a rise in the dollar in the short term, and a fall in the euro," he added.

Related Content
Breaking news
March 30, 2017
US secretary of state seeks to keep focus on ISIS in delicate Turkey visit

By REUTERS

Share this article via
from around the web
Top Stories
Israel Weather
  • 13 - 30
    Beer Sheva
    14 - 23
    Tel Aviv - Yafo
  • 11 - 24
    Jerusalem
    14 - 25
    Haifa
  • 18 - 32
    Elat
    15 - 29
    Tiberias