Bethel Finance news:
The shekel-dollar exchange rate fell 1.13% in afternoon inter-bank trading today to NIS 3.407/$ - the lowest rate for 30-months, even though Governor of the Bank of Israel bought $100 million in foreign currency today. The shekel-euro exchange rate fell 0.84% to NIS 4.939/€, after rising at the opening to nearly NIS 5/€.
In international markets. The dollar is traded against the euro at $1.448/€, and rose 0.58% against the Japanese yen to ¥84.19/$.
Analysts do not see the dollar significantly recovering in the coming months due to the postponement of an interest rate hike in the US by the Federal Reserve Bank until the monetary easing program to buy $600 billion in bonds is completed.
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