The shekel was flat against the dollar and the euro in inter-bank trading today despite the uncertainty surrounding the US debt ceiling. The shekel-dollar exchange rate fell 0.05% to NIS 3.396/$ and the shekel-euro exchange rate rose 0.04% to NIS 4.923/€.
Yesterday, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.398/$, down 0.29% on the day before, but set the shekel-euro representative exchange rate at NIS 4.921/€, up 0.51%.
In international markets, the dollar is trading at $1.45/€ against the euro and at ¥77.76 against the Japanese yen.
The deadlocked talks on raising the US debt ceiling is unnerving markets and could prompt investors to flee the dollar, weakening against other currencies. In commodities markets, gold has risen to a record $1,622 an ounce.
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