Update: The shekel-euro exchange rate is expected to fall by 1.2% this week to NIS 5.51/€.
Update: Today's trading in shekel/dollar options indicates a 0.3% rise in the exchange rate to NIS 4.68/$.
The shekel-dollar exchange rate fell by 0.9% on Friday to NIS 4.666/$. The shekel-euro exchange rate is expected to fall by 1.2% this week to NIS 5.51/€, after falling by 0.85% on Friday to NIS 5.5747/€.
On the basis of short-term loan (STL) yields, the capital market expects another 0.25% interest rate at the end of November. Three-month STL yields are 4.34% and twelve-month STL yields are 4.76%.
Bank figures indicate a 16.6% jump in foreign currency spot deals in early November to a daily average of $1.22 billion, from $1.05 billion in October.
Published by Globes [online], Israel business news - www.globes.co.il - on November 6, 2005