Shekel strengthens in post-holiday trading
The shekel is stronger against the euro and the dollar as the markets reopen after the Rosh Hashanah holiday.
In international markets, the euro again strengthened against the dollar to $1.308/$ after the dollar hit a fourth-month low against the euro last week.
The Israeli foreign currency exchange market will continue to be influenced by the US Federal Reserve's decision last week to buy $40 billion of mortgage backed bonds with $23 billion of the bonds to be purchased this month.
In Israel the Central Bureau of Statistics announced last Friday that the Consumer Price Index (CPI) rose 1% in August, well above the analysts' expectations of 0.6%. The CPI in September will also be very high so CPI-linked bonds are expected to rise sharply.
Published by Globes [online], Israel business news - www.globes-online.com - on September 19, 2012
© Copyright of Globes Publisher Itonut (1983) Ltd. 2012
- Tel Aviv market report
- Tel Aviv Stock Exchange
- Israeli stocks in NY
- Arbitrage gaps for dual-listed stocks
- Israeli stocks in Europe
- Israeli stocks on other markets
- Tel Aviv 25 options
- Mutual funds
- Current representative shekel rates
- Historical representative shekel rates
- Bank shekel rates
- Shekel/dollar options