Friday, January 6, 2012

Bethel Finance: Shekel dollar rate hits 17-month high

www.bethelfinance.com
Bethel Finance news:
The shekel-dollar exchange rate has hit a 17-month high as the shekel continued to weaken against the dollar at the opening of inter-bank trading today. However, the market made a U-turn and the shekel-dollar exchange rate subsequently fell 0.11% to NIS 3.843/$, while the shekel-euro exchange rate is down 0.40% to NIS 4.977/€.

In international markets, the dollar is trading at $1.297/€ against the euro and at ¥76.73/$ against the Japanese yen.

"Investors are waiting to see what will happen in commodities markets, after the EU yesterday announced that it will join the US embargo against Iranian oil, sending the price of oil up to $103 per barrel. Investors are also waiting for upcoming macroeconomic figures in the US and Europe, including the French consumer confidence index, the CPIs in the Eurozone, and new industrial orders in October. The US is due to publish private sector jobs figures" said Mr. Cedric Marmet (bethel Finance Ltd).

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