Shekel weaker against dollar as Spanish fears are soothed

April 18, 2012 11:21


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 was weaker against the dollar but stronger against the euro in inter-bank trading on Wednesday. The shekel-dollar exchange rate was up 0.3%, compared with Tuesday's representative rate, to $3.765/$, and the shekel-euro exchange rate was down 0.11% at NIS 4.928/€.

In international markets, the dollar is trading unchanged at $1.31/€ and is weakening against the yen at ¥81.4/$.

The main indices on Wall Street rose yesterday calming fears about the euro zone crisis spreading to Spain, which successfully sold 12 month and 18 month bonds worth €3.2 billion.

Also in the markets yesterday, the IMF raised its 2012 growth forecast for the US economy to 2.1% from 1.8%.

Related Content

Breaking news
August 17, 2018
Attempted stabbing attack in Jerusalem's Old City