Shekel strengthens against dollar, weakens against euro

By FADI MUALEM/ GLOBES
September 10, 2012 11:08

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

The shekel strengthened against the dollar, but weakened against the euro in Monday morning inter-bank trading. The shekel-dollar exchange rate was down 0.75 percent, compared with Friday's representative rate, to NIS 3.968/$, and the shekel-euro exchange rate was up 0.16% to NIS 5.076/€.

The Bank of Israel was due to publish Monday the minutes of the Monetary Committee's meeting last month, at which it decided to keep the interest rate for September unchanged at 2.25%. The minutes were expected to discuss the shape of the Israeli economy and the Bank of Israel's updated assessment about the crisis in Europe.

Later this week, the US Federal Reserve Board is due to announce its interest rate decision. Investors are waiting for Fed Chairman Ben S. Bernanke to announce whether he will launch a new stimulus plan for the US economy in the form of a new quantitative easing plan (QE3). The US interest rate was expected to be kept unchanged at 0-0.25%, in line with the Fed's policy to keep the interest rate at this level through 2014.

Related Content

Breaking news
August 17, 2018
Turkish lira weakens to 5.86, U.S. warns of more sanctions

By REUTERS