Negative market sentiment drives shekel down

By INBAL OMER/GLOBES
August 3, 2011 15:32

The shekel was weakening against both the dollar and the euro in inter-bank trading Wednesday as global markets continue falling despite an agreement over the US debt ceiling.

The shekel-dollar exchange rate rose 0.79% to NIS 3.476/$, the highest exchange rate in two months, and the shekel-euro exchange rate rose 0.62% to NIS 4.923/€.

On Tuesday, the Bank of Israel set the shekel-dollar exchange rate up 1.08% to NIS 3.449/$, while the shekel-euro representative exchange rate was set down 0.60% to NIS 4.893/€.


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