Bethel Finance: Shekel stronger after disappointing US macro data

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Bethel Finance news:
The shekel is stronger against the dollar and euro in inter-bank trading today. After opening weaker against the US currency, the shekel strengthened and the shekel-dollar exchange rate is down 0.25% to NIS 3.724/$, and the shekel-euro exchange rate is down 0.65% to NIS 4.890/€.

In international markets, the dollar is strengthening 0.25% against the euro to $1.30/€, despite disappointing US macroeconomic data.

The Chicago Purchasing Managers' Index fell to 60.2 points in January from 62.5 points in December, surprising analysts who had expected it to rise to 63.2 points. The US Consumer Confidence Index also surprised analysts, falling to 61.1 points in January from 64.5 points in December, belying the analysts' forecast of a rise to 68.2 points.

"Meanwhile, in Europe, in the wake of the EU summit earlier this week, talks between the Greek government and the private sector made progress, amid reports that Greek government bondholders will suffer a 70% loss on their investment" said Mr. Cedric Marmet from Bethel Finance Ltd.