The shekel-dollar exchange rate fell a further 0.33% in early inter-bank
trading today to NIS 3.448/$, its lowest level since October 2008. The
shekel-euro exchange rate fell 0.40% to NIS 4.929/€.
The Bank of Israel,
led by Governor of the Bank of Israel Prof. Stanley Fischer, did not
intervene in the market yesterday, two days after an intervention failed
to halt the slide in the exchange rate.