The shekel is stable against the euro and the dollar in inter-bank trading today, amid Moody's and S&P rating cuts of Italy, Spain, and Portugal. The shekel-euro exchange rate is up 0.02%, compared with yesterday's representative rate, to NIS 4.924/€. The shekel-dollar exchange rate is up 0.23% to NIS 3.726/$.
European markets fell amid gloomy news yesterday: Moody's announced rating cuts for Italy, Spain, and Portugal and S&P cut the rating for 15 Spanish banks.
Tomorrow, the Central Bureau of Statistics will publish the Consumer Price Index (CPI) for January. Analysts expect a fall of 0.2% in the CPI for the month.
In global markets, the euro is trading against the dollar at $1.31/€, and is the dollar is trading against the yen at ¥77.97/$.
Published by Globes [online], Israel business news - www.globes-online.com - on February 14, 2012
© Copyright of Globes Publisher Itonut (1983) Ltd. 2012