Shekel stable against dollar, down against euro

By YOSSI NISSAN / GLOBES
April 11, 2011 10:42

 
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The market was much calmer on Monday morning, following the Bank of Israel's intervention in the foreign exchange market on Friday.

The representative exchange rate for the dollar was set down 0.38% on Friday at NIS 3.438/$, while the euro was up 0.59% at 4.954/€. In inter-bank trading this morning the dollar opened 0.08% against the shekel to NIS 3.441/$ but soon slipped back and was down 0.03% against the shekel to NIS 3.437/$. The euro opened up 0.38% against the shekel to NIS 4.974/€.

On global market the dollar was stable against leading currencies at $1.446/€ and $1.6369/₤.

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