Shekel strenghtens against dollar, euro

The shekel opened stronger against both the shekel and euro Tuesday.
The shekel-dollar exchange rate dropped to 0.27% to NIS 3.5675/$, and the shekel-euro exchange rate lowered to 0.11% to NIS 4.6175/€.
The Tel Aviv Stock Exchange also pointed to a higher open, with a gain of 0.4%.
The Bank of Israel reported that average mortgage interest rates on CPI-linked loans rose for the second consecutive month.
On Monday, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.577/$, 0.28% higher than the day before, and set the shekel-euro representative exchange rate at NIS 4.6227/€, 0.426% lower than the day before. The pound was worth NIS 5.5535.