Shekel weakens as markets wait for Obama

By KOBY YESHAYAHOU / GLOBES
September 8, 2011 11:45

The shekel weakened slightly in morning inter-bank trading Thursday. The shekel-dollar exchange rate was up 0.14% to NIS 3.678/$ and the shekel-euro exchange rate was up 0.13% to NIS 5.17/€.

On Wednesday, the Bank of Israel set the shekel-dollar representative exchange rate up 0.47% to NIS 3.673/$, and the shekel-euro representative exchange rate down 0.50% to NIS 5.164/€.

In international markets today, the dollar rose 0.24% against the euro to $1.406/€, and is trading at ¥77.37/$ against the Japanese yen.

Traders are waiting for US President Barack Obama to unveil his $300 billion jobs plan. Federal Reserve Board Chairman Ben S. Bernanke is scheduled to speak today about the Fed's options to support the economy.


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