The shekel was stable against the dollar and stronger against the euro in inter-bank trading. The shekel-dollar exchange rate is down 0.04% to NIS 3.418/$ and the shekel-euro exchange rate is down 0.29% to NIS 4.849/€.
Yesterday, the Bank of Israel set the shekel-dollar representative exchange rate at 3.419/$ down 0.58% on the day before, and set the shekel-euro representative exchange rate at NIS 4.863/€, down 0.27%.
Today's market mood is based on yesterday's agreement between France and Germany over Greece's debt, and the latest attempt at a debt deal in the US Senate to raise the debt ceiling. Any deal would still need approval of recalcitrant Republicans in the House of Representatives.
In global macroeconomic news, the HSBC Chinese Manufacturing Purchasing Managers' Index fell from 50.1 points in June to 48.9 points in July, a 28-month low, and below the 50-point dividing line between economic expansion and contraction.
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