Shekel stays strong against dollar, euro rate rises

By GLOBES
April 4, 2011 14:01

Foreign currency trading opened mixed today. The shekel-dollar exchange rate fell 0.19% to NIS 3.466/$ in early inter-bank trading, but the shekel-euro exchange rate rose 0.29% to NIS 4.933/€.

After buying more than $200 million yesterday, the Bank of Israel has already bought more than $100 million this morning. However, foreign exchange dealing rooms report aggressive sales by foreign banks and hedge funds, a continuation of the massive selling of dollars in recent weeks.


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