Arab Israeli Conflict
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Consumer Price Index fell 0.3% in November and inflation over the past 12 months is running at 1.2%.
The shekel is now 11% stronger than it was at this time last year, with one dollar trading for 3.4 shekels, according to the Bank of Israel rate on Monday.
Wall Street indexes closed off the lows of the day but the Dow and S&P 500 both fell more than 4.0 percent, posting their biggest daily percentage drops since August 2011.
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