Despite Europe's troubles the shekel weakened 0.8% against the euro in morning inter-bank trading.
The shekel is flat against the dollar and losing ground to the euro in inter-bank trading today. The shekel-dollar exchange rate is down 0.07%, compared with yesterday's representative rate, to $3.751/$, and the shekel-euro exchange rate is up 0.83% to NIS 4.934/€.
In international markets, the dollar is trading at $1.311/€ and against the yen at ¥80.42/$.
Atrade reports this morning that investors will try to maintain positive sentiment, although Europe's woes make that especially difficult.
Israeli investors were given a boost by news that the Procurement Managers Index rose 1.8% in March.
Published by Globes, Israel business news - www.globes-online.com - on April 17, 2012
© Copyright of Globes Publisher Itonut (1983) Ltd. 2012