The shekel-dollar exchange rate is up 0.1% to NIS 3.7527/$, and the shekel-euro exchange rate is down 0.01% to NIS 5.6189/€.
Worldwide, the dollar is steady, though it is trading near a two week log against the euro as stock markets continue to rally. Estimates that an economic recovery is gaining momentum are leading traders to invest in riskier assets, which is pressuring investment in the dollar.
On the local market, investors are looking ahead to Sunday when the Consumer Price Index (CPI) figures for October will be released. The consensus estimate is for a rise of 0.2%, following last month's 0.3% drop.
Yesterday, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.749/$, 0.266% lower than the day before, and set the shekel-euro representative exchange rate at NIS 5.6366/€, 0.13% higher than the day before.
Published by Globes [online], Israel business news - www.globes-online.com - on November 12, 2009
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