BREAKING NEWS

Shekel continues to strengthen against dollar

By GLOBES

AUGUST 31, 2011 12:58

The shekel continued to strengthen against the dollar Tuesday, but was flat against the euro in morning inter-bank trading. The shekel-dollar exchange rate fell 0.27% to NIS 3.563/$, but the shekel-euro exchange rate edged up 0.01% to NIS 5.144/€.

Lembex Financial Group believes that, even if the Bank of Israel slows its pace of interest rate hikes, the shekel will continue to attract foreign investors, and an exchange rate of NIS 3.38/$ is therefore still possible. On the other hand, "a continuation of the global slowdown and an interest rate cut in October by the Bank of Israel would cause the shekel-dollar exchange rate to make a U-turn and send it higher," says Lembex.

In international markets, the dollar is stable against the euro, trading at $1.44/€.

Anti-tank missile from Lebanon hits house in Misgav Am - report

By JERUSALEM POST STAFF

05/10/2024 02:14 PM

12 soldiers stung by hornets in southern Gaza Strip

By JERUSALEM POST STAFF

05/10/2024 01:58 PM

UKMTO receives a report of an incident 195 nm east of Yemen's Aden

By REUTERS

05/10/2024 09:31 AM

Blinken expected to submit highly critical Israel report to congress

By JERUSALEM POST STAFF