The shekel is again strengthening against the dollar and the euro in inter-bank trading this morning. The shekel-dollar exchange rate is trading down 0.22% at NIS 3.936/$ and the shekel is trading down 0.17% against the euro at NIS 4.639/€.
Yesterday, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.945/$, down 0.278% on Monday's rate, and set the shekel-euro representative exchange rate at NIS 4.647/€, down 0.354%.
FXCM Israel research department said this morning, "The shekel-dollar exchange rate remains virtually unchanged around the NIS 3.35/$ mark as the dollar becomes less volatile on global markets. Traders are waiting for clarifications about the US economic picture following contradictory data published over the past week. At the same time, global foreign exchange trading continues to be influenced by the negative erosion of commodity prices and the prominent freefall in oil prices as well as copper, iron, and agricultural goods.
The shekel-dollar exchange rate trend is currently unclear with rate moving between NIS 3.9 and 4. A fall below NIS 3.92/$ could pave the way to NIS 3.90/$ but a rise above NIS 3.95/$ could again create upwards momentum."
Published by Globes [online], Israel business news - www.globes-online.com - on January 14, 2015
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