Thursday, April 7, 2011

Bethel Finances: Shekel-dollar rate lowest since October 2008

www.bethelfinance.com

Bethel Finance news:

The shekel-dollar exchange rate dipped below NIS 3.45/$ this morning.

The shekel-dollar exchange rate fell a further 0.33% in early inter-bank trading today to NIS 3.448/$, its lowest level since October 2008. The shekel-euro exchange rate fell 0.40% to NIS 4.929/€.

The Bank of Israel, led by Governor of the Bank of Israel Prof. Stanley Fischer, did not intervene in the market yesterday, two days after an intervention failed to halt the slide in the exchange rate.

In international markets, the dollar is stable against the euro at $1.43/€ and at ¥85.14/$ against the Japanese yen.

The European Central Bank is expected to raise its interest rate to 1.25% today, the first rise in three years.

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