The shekel has weakened against the dollar and euro in morning inter-bank trading on Monday, 8 Adar II. The shekel-dollar exchange rate has risen 0.10%, compared with Friday’s representative rate, to NIS 3.463/$, and the shekel-euro exchange rate has risen 0.09% to NIS 4.805/€. The shekel-dollar exchange rate is at a 30-month low.
FXCM Israel says this morning, “The dollar continues to lose ground. Last week the Dollar Index fell to its lowest level since October 2013. Other key indices, such as the dollar-euro and dollar-pound exchange rates, saw major technical breakthroughs by the dollar, which may signal a break by the dollar.
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(YWN – Israel Desk, Jerusalem)