www.bethelfinance.com
The shekel is strengthening against the dollar and euro in morning inter-bank trading today, after the EU agreed to stricter budget discipline. The shekel-dollar exchange rate is down 1%, compared with yesterday's representative rate, to NIS 3.729/$, and the shekel-euro exchange rate is down 0.34% to NIS 4.924/€.
In international markets, the dollar is strengthening against the euro to $1.318/€ and against the Japanese yen to ¥76.33.
Yesterday, when 25 out of 27 EU states agreed to an agreement proposed by Germany for stricter budget discipline, even as they struggled to rekindle growth from the ashes of austerity. Only the UK and the Czech Republic refused to sign the agreement, which will impose quasi-automatic sanctions on countries that breach EU budget deficit limits and will mandate balanced budget rules in national law.
In Japan, the unemployment rate rose to 4.6%, although analysts had expected it to remain unchanged at 4.5%.
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