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The shekel is weakening against the dollar and strengthening against the euro in morning inter-bank trading today. The shekel-dollar exchange rate is up 0.31%, compared with Friday's representative rate, at NIS 3.803/$ and the shekel-euro exchange rate is down 0.37% at NIS 5.012/€.
In the local macroeconomic arena, the Bank of Israel published data yesterday about foreign investment in the Israeli economy and the TASE for January 2012. Foreign investment in the TASE totaled $200 million, and Israeli shares traded on foreign exchanges to the tune of $140 million were realized in January.
The Bank of Israel reports that $660 million was directly invested in the Israeli economy through the local banking system. Of this amount, $300 million was invested in "one electronics company". The company in question is Anobit, which was acquired by Apple Inc. (Nasdaq: AAPL).
On international markets, the dollar is trading against the euro at $1.32/€ and against the Japanese yen at ¥81.29/$.
In the global macroeconomic arena, the Chinese government announced last night that it has lowered its annual growth target for 2012 to 7.5%, compared with annual growth that has surpassed 8% consistently since 2005. This is another sign that the Chinese government is determined to reduce its dependence on exports, and instead to increase local private consumption.
In Europe, the non-manufacturing Purchasing Managers' Index (PMI), as well as retail sales data, will be published today. In the US, among other reports, consumer durables sales data, machinery sales, and the non-manufacturing Purchasing Managers' Index (PMI), will be published today.
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