Shekel strengthens against dollar

The shekel is stronger against the dollar and slightly weaker against the euro at the start of the trading week on the foreign exchange market. The shekel-dollar exchange rate is down 0.49% in comparison with Friday's representative rate, at NIS 3.7803/$. The shekel-euro rate is up 0.08%, at NIS 4.9739/€.
On world markets, the US dollar is mixed against the other major currencies. The euro is slightly weaker, at $1.3154/€; the pound sterling is slightly stronger, at $1.6181/£, while the dollar is stronger against the yen, at ¥84.08/$.
Israel's Consumer Prices Index surprised on Friday, with a 0.5% fall for November. There is speculation that the Bank of Israel will cut its interest rate further after a series of low CPI readings.
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