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The shekel was weaker against both the dollar and euro in inter-bank trading today as global markets remain jittery as the Greeks prepare for a referendum on the euro bailout package. The shekel dollar Israel exchange rate was up 0.97% at NIS 3.687/$ and the shekel euro exchange rate was up 0.2% at NIS 5.042/€.
Yesterday afternoon, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.651/$, up 0.03%, and set the shekel-euro representative exchange rate at NIS 5.038/€, up 0.55%.
In its daily foreign currency review ATRADE wrote yesterday, "We look at the dollar index and we see that the correction in dollar indices is over and we expect to see the greenback reach new records against most global currencies. Even so it is worth being cautious ahead of publication of the US employment report on Friday. The Japanese yen is strengthening but not strongly because investors are concerned about the further involvement of the Japanese government in trade in order to weaken the currency."
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