Easy Forex: Fighting in Gaza, and the dollar's global strengthening, increase volatility in the shekel-dollar rate.
The euro-dollar exchange rate is up 1.61% to NIS 5.2334/€, and the shekel-dollar exchange rate is down 0.16% to NIS 3.855/$.
Online foreign exchange trading firm Easy Forex says that continued fighting against Hamas in Gaza, and the dollar's strengthening in global markets, are increasing the volatility in the shekel-dollar exchange rate. The firm sees a support level at NIS 3.85/$, and resistance at NIS 3.9/$.
Yesterday, the Bank of Israel set the representative shekel-dollar rate at NIS 3.861/$, up 0.21%, and set the representative shekel-euro rate down 1.592% at NIS 5.1504/€.
Published by Globes [online], Israel business news - www.globes-online.com - on January 7, 2009
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