Wednesday, June 29, 2011

Bethel Finances: Shekel up against dollar ahead of Greek austerity vote

www.bethelfinance.com

Bethel Finance news:

The shekel strengthened against the dollar and euro in morning inter-bank trading today, snapping a two-day losing streak. The shekel-dollar exchange rate fell 0.94% to NIS 3.43/$ and the shekel-euro exchange rate fell 0.1% to NIS 4.935/€.

Yesterday, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.463/$, up 0.35% over the day before, and st the shekel-euro representative exchange rate at NIS 4.94/€, up 0.64%.

In international markets, the dollar is trading at $1.43/€ against the euro and at ¥81/$ against the Japanese yen.

The Greek Parliament is due to vote on the austerity plan today, in order to secure the EU and IMF aid package. Greeks are protesting the €78 billion in budget cuts included in the austerity plan.

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