The Bank of Israel intervened strongly in foreign exchange trading Thursday. According to market estimates, the central bank bought hundreds of millions of dollars, after the shekel-dollar rate neared the psychologically significant NIS 3.4/$ level. The rate is still at its lowest since September 2008.After the Bank of Israel's intervention, the exchange rate jumped to over NIS 3.42/$, 0.2% higher than yesterday's representative rate. The shekel-euro rate is flat at around
(photo credit: The Jerusalem Post)