Monday, February 6, 2012

Bethel Finance: Shekel-euro rate at 5-month low

www.bethelfinance.com
Bethel Finance news:
The shekel is strengthening against the euro in morning inter-bank trading today, in line with the euro's weakness on international markets, due to investors' worries about the crisis in Europe and the EU agreement with Greece. "The shekel-euro exchange rate is down 0.50%, compared with Friday's representative rate, at NIS 4.863/euro - a five-month low. The shekel-dollar exchange rate edged up 0.05% to NIS 3.719/$ - a two month low" said Mr. Cedric Marmet (Bethel Finance Ltd).

In international markets, the dollar has strengthened against the euro to $1.307/€ and against the Japanese yen to ¥76.75/$.

In Israel, investors will respond today to yesterday's report by the Bank of Israel, which shows that foreign investors are continuing to pull their investments from the country. Foreign investors sold a net $820 million worth of makams in December, after selling a net $2 billion in November and $8.7 billion in May-December.

In international markets, investors are reacting to the results of yesterday's meeting between Greek leaders, who discussed the reforms they are being required to implement by the EU in order to receive an aid package.

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