Shekel Loses More Ground Against Dollar

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The shekel is again weakening in inter-bank trading against the dollar and is stable against the euro. The shekel has now lost more than 2% against the dollar this week in part following the publication of disappointing first quarter growth figures by the Central Bureau of Statistics, GLOBES reports.

The shekel-dollar exchange rate is up 0.47% at NIS 3.853/$ compared with yesterday’s representative rate, and the shekel-euro rate is down 0.07% at NIS 4.32/€.

Yesterday, the Bank of Israel set the shekel-dollar representative rate up 0.445% from Tuesday’s rate at NIS 3.835/$, and the representative shekel-euro rate up 0.035% at 4.323/€.

{Matzav.com Israel}

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