Shekel strengthens against dollar and euro

The shekel is strengthening against both the dollar and the euro Tuesday in inter-bank trading today. The shekel-dollar exchange rate is down 0.26%, compared with yesterday's representative rate, to NIS 3.787/$ and the shekel-euro exchange rate fell by 0.11% to NIS 4.93/€.
On world markets, the dollar is trading steadily against the euro at $1.3/€, and trading against the yen at ¥78/$.
Monday night, after it appeared that the meeting of EU finance ministers deadlocked, the finance ministers announced that they would transfer €150 billion to the IMF in bilateral loans. This comes after the UK announced earlier yesterday that it would not participate in the program.
Germany will publish its December CPI results Monday, which is expected to rise 0.1%. The German IFO business index will also publish its results today, which is expected to reach 106.2 points. The German Confidence Index is expected to reach 5.5 points.
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