The shekel strengthened against the dollar and euro in morning inter-bank trading Thursday. The shekel-dollar exchange rate decreased 0.09%, compared to Wednesday's rate, to NIS 3.862/$, and the shekel-euro exchange rate lowered 0.12% to NIS 4.969/€.

The shekel is holding steady despite Prime Minister Binyamin Netanyahu's call this week for early elections by February, the absence of a budget for 2013, and tensions with Iran.