BREAKING NEWS

Shekel mixed in flat trading

By KOBY YESHAYAHOU /GLOBES

MARCH 14, 2012 12:05

The shekel was mixed in morning inter-bank trading on Wednesday. The shekel-dollar exchange rate was up 0.13%, compared with Tuesday's representative rate, to NIS 3.78/$, but the shekel-euro exchange rate is down 0.20% to NIS 4.933/€.

In international markets the dollar is strengthening against the euro, and is trading at $1.304/€.

On Tuesday, US Federal Reserve Board kept the interest rate unchanged at 0-0.25%, in line with its policy to keep the interest rate at this level through 2014. It said that rising prices for oil and gasoline would have only a temporary effect on inflation, after which it expected inflation to revert to the Fed's estimated range.

The Fed is also continuing Operation Twist - the purchase of long-term T-Bills and sales of short-term T-Bills.

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