Shekel strengthened on Fischer IMF disqualification
By JPOST.COM STAFF, GLOBES
June 14, 2011 11:45
The news that BoI Governor Stanley Fischer has been disqualified from the race for IMF chief due to his age has strengthened the shekel.
The shekel-dollar exchange rate fell 1.11% to NIS 3.96/$ and the shekel-euro exchange rate fell 0.56% to NIS 4.902/€.
On Saturday, when Fischer first announced his intention to make a bid for the IMF position, the shekel weakened against leading currencies.