Two major events will affect the foreign currencies market this week, and both will occur tomorrow.
Two major events will affect the foreign currencies market this week, and both will occur tomorrow. One is the expiration of shekel-dollar options in the morning and the other is Governor of the Bank of Israel David Klein's interest rate announcement.
There was no foreign currency trading today, and all trading was in the shekel-dollar options market. Trading was somnolent, and the February options that expire tomorrow indicate a synthetic rate of NIS 4.66/$, reflecting a 1% decline in the exchange rate. March options indicate a synthetic rate of NIS 4.663/$, similar to the February options' rate.
Published by Israel's Business Arena on 24 February 2002