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Bethel Finance news:
The shekel is weakening against the dollar and is slightly strengthening against the euro in early inter-bank trading today, ahead of today's US Federal Reserve meeting. The shekel-dollar exchange rate is up 0.48%, compared with yesterday's representative rate, to NIS 3.78/$, and the shekel-euro exchange rate edged down 0.03% to NIS 4.98/€.
On world markets, the dollar is trading at $1.32/€ against the euro, and trading against the yen at ¥77.897/$.
Global investors continue to react to results from last weekend's EU summit, when national leaders decided to create a new treaty for deeper integration in the euro zone to supervise Europe's weaker countries. UK Prime Minister David Cameron was the sole dissenter to the plan. International markets fell yesterday, ending a rally that began September 28.
The Fed is planning to announce a new interest rate today, following which Fed chairman Ben Bernanke will speak about the state of the US economy and the bank's monetary policy. Bernanke might announce a third quantitative easing plan (QE3) to strengthen the faltering US housing market.
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