The shekel is strengthening against the dollar, but weakening against the euro in inter-bank trading.
The shekel is strengthening against the dollar, but weakening against the euro in morning inter-bank trading, ahead of the interest rate decision by the European Central Bank (ECB). The shekel-dollar exchange rate is down 0.18%, compared with yesterday's representative rate, to NIS 3.889/$, but the shekel-euro exchange rate is up 0.32% to NIS 4.856/€.
In international markets, the dollar is weakening against the euro and pound, but strengthening against the yen. The dollar-euro exchange rate is down 0.3% to $1.2491/€, the dollar-pound exchange rate is down 0.2% to $1.5419/£, but the dollar-yen rate is up 0.1% to ¥78.84/$.
Most analysts expect the ECB to keep the euro interest rate unchanged at 1%, although some analysts expect a rate cut, in view of the crisis in the Eurozone.
Published by Globes [online], Israel business news - www.globes-online.com - on June 6, 2012
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