Shekel continues to strengthen against dollar, euro

July 21, 2011 10:55

The shekel was strengthening slightly Thursday against the dollar and euro in morning inter-bank trading, continuing Wednesday's trend. The shekel-dollar exchange rate is down 0.04% to NIS 3.418/$ and the shekel-euro exchange rate is down 0.29% to NIS 4.849/€.

On Wednesday, the Bank of Israel set the shekel-dollar representative exchange rate at 3.419/$ down 0.58% on the day before, and set the shekel-euro representative exchange rate at NIS 4.863/€, down 0.27%.Thursday's market mood was based on the agreement the day before between France and Germany over Greece's debt, and the latest attempt at a debt deal in the US Senate to raise the debt ceiling. Any deal will still need approval of recalcitrant Republicans in the House of Representatives.

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