Shekel tumbles as Gaza conflict flares
Atrade believes the Gaza military operation could see the shekel-dollar exchange rate reaching NIS 4/$ this week.
Atrade believes that the military operation in Gaza could see the shekel dollar exchange rate reaching the NIS 4/$ threshold this week.
The Tel Aviv Stock Exchange, which fell sharply in late trading yesterday, after staying in positive territory during most of the session, after the IDF confirmed that the Air Force killed Hamas's military commander Ahmed Jaabari, is expected to fall further today. Market falls will be exacerbated by falls in the New York markets yesterday.
After the market closes the Central Bureau of Statistics will announce how much the Consumer Price Index (CPI) rose in October. Analysts expect the CPI to have risen between 0.1% and 0.5% in October.
Published by Globes [online], Israel business news - www.globes-online.com - on November 15, 2012
© Copyright of Globes Publisher Itonut (1983) Ltd. 2012
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