Shekel marking time

FXCM: Due to the Thanksgiving holiday in the US, trading volumes and volatility will be low in the next couple of days.

The shekel has strengthened against the dollar and euro in morning inter-bank trading today. The shekel-dollar exchange rate has fallen 0.05%, compared with yesterday's representative rate, to NIS 3.539/$, and the shekel-euro exchange rate has fallen 0.25% to NIS 4.804/€.

FXCM Israel said today, "Due to the Thanksgiving holiday in the US, trading volumes and volatility will be low in the next couple of days. As the Christmas holiday season approaches, market activity and volatility will decline, and the shekel-dollar exchange rate may mark time over the coming month."

Published by Globes [online], Israel business news - www.globes-online.com - on November 28, 2013

© Copyright of Globes Publisher Itonut (1983) Ltd. 2013

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