Two days after the Bank of Israel held the interest rate steady at 0.75%, the shekel continues to weaken.
The shekel-dollar exchange rate is up 0.65% to NIS 3.733/$, and the shekel-euro exchange rate is up 0.24% to NIS 5.5318/€.
The representative shekel-dollar rate was set at NIS 3.69/$ on Monday afternoon, before the interest rate decision was announced. On Tuesday, the shekel weakened 0.515% to NIS 3.709, and this morning is weaker by another 0.65%.
The shekel-dollar rate is at its highest point since October 9th.
Yesterday, the Bank of Israel set the shekel-euro representative exchange rate at NIS 5.5186/€, 0.535% lower than the day before.
Published by Globes [online], Israel business news - www.globes-online.com
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