BREAKING NEWS

Shekel continues to weaken against the dollar

By NADAV NEUMAN / GLOBES

OCTOBER 10, 2012 13:32

The shekel continued to weaken against the dollar and strengthen against the euro in morning inter-bank trading Wednesday. The shekel-dollar exchange rate is up a further 0.26 percent, compared with Tuesday's representative rate, to NIS 3.872/$, and the shekel-euro exchange rate was down a further 0.34% to NIS 4.982/€.

FXCM Israel research department head Moshe Shalom said, "The drop in the shekel-dollar exchange rate to NIS 3.855/$ was expected, but it now seems that global conditions are permitted a deeper and more violent movement than what we've felt so far."

"All the conditions now point to a stronger probability of a rise in the dollar in the short term, and a fall in the euro," he added.

IAI CEO lighting torch on Independence Day

By JERUSALEM POST STAFF

05/05/2024 09:04 AM

IDF Chief of Staff pens letter for Holocaust Remembrance Day

By JERUSALEM POST STAFF

05/05/2024 07:32 AM

Rocket sirens sound in the Upper Galilee

By JERUSALEM POST STAFF

05/05/2024 07:19 AM

Heavy rains in southern Brazil kill nearly 60, over 70 still missing

By REUTERS