The shekel is strengthening against the euro, but weakening against the dollar in morning inter-bank trading, as the euro weakens against the dollar. The shekel-dollar exchange rate is up 0.26%, compared with yesterday's representative exchange rate, to NIS 3.644/$, but the shekel-euro exchange rate is down 0.29% to NIS 4.998/€.
Yesterday, the the Bank of Israel set the shekel-dollar representative exchange at NIS 3.635/$, down 0.68% on Friday's rate, and set the shekel-euro representative exchange rate at NIS 5.038/€, down 0.25%.
In international markets, the dollar is strengthening against the euro, as new worries arose about the debt crisis in Europe, but is weakening against the Japanese yen and pound sterling. The dollar is trading at $1.37/€ against the euro, at ¥76.85/$ against the yen, and $1.57/₤, against the pound.
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