Shekel closes gap with global markets

December 6, 2010 14:13


Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

The Israeli foreign currency market was closing the gap with global markets by going against the global trend. The euro was down 0.4% against the dollar today to $1.336/$, after the euro rose strongly to $1.34/$ on Friday.

In morning inter-bank trading, the shekel-dollar exchange rate fell 0.39% to NIS 3.621/$, but the shekel-euro exchange rate rose 0.39% to NIS 4.83/€.

The Bank of Israel was scheduled Monday to publish the minutes of last month's monetary council meeting, which decided to keep the interest rate unchanged, although Governor of the Bank of Israel Prof. Stanley Fischer applied monetary tightening measures by raising the interest rate on Bank of Israel loans to commercial banks.

The euro has been strengthening in recent days due to the relative calm in the debt crisis in various Eurozone countries after Ireland approved the aid package to it and calming words by European Central Bank President Jean-Claude Trichet.

Related Content

Breaking news
August 21, 2018
U.S. State Department thanks Germany for admitting former Nazi collaborator