Bethel Finance news:
The shekel weakened against the dollar in early inter-bank trading today, but strengthened against the euro, as the effect of Governor of the disqualification Bank of Israel Prof. Stanley Fischer's candidacy for the post of IMF director general faded. The shekel-dollar exchange rate rose 0.88% to NIS 3.425/$, but the shekel-euro exchange rate fell 0.17% to NIS 4.893/€.
Yesterday, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.39/$, down 1.14% from the day before and set the shekel-euro representative exchange rate at NIS 4.9016/€ down 0.59%.
In international markets, the dollar is stable against leading currencies, trading at $1.441/€ against the euro and ¥80.53 against the Japanese yen.
Tonight, after the markets close, the Central Bureau of Statistics will announce the Consumer Price Index (CPI) for May. Capital market analysts expect a 0.5% rise in the CPI, and they believe that Fischer will keep the interest rate for July unchanged at 3.25%.
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