Return to News Categories

ALL NEWS SECTIONS:
MOST POPULAR SECTIONS:
Commentary and Educational Cattle - Hogs / Livestock News Currencies News Energy News Grain News Index News Interest Futures News Metals Futures News Reports: Crops, CFTC, etc Soft Commodities News

Futures and Commodity Market News

Shekel extends gains against dollar

Sep 13, 2018 (TREND News Agency via COMTEX) --

The shekel is strengthening today against the dollar and against the euro. In morning inter-bank trading, the shekel-dollar exchange rate is down 0.37% against the dollar at NIS 3.575/$ and down 0.10% against the euro at 4.156/EUR, Globes reports.

Yesterday, the Bank of Israel set the shekel-dollar representative rate up 0.195% at NIS 3.588/$ from Friday's rate and set the shekel-euro rate down 0.216% at 4.160/EUR.

The shekel is trading at its strongest against the dollar since early June and has consolidated well below the NIS 3.60/$ threshold. The gains today are a reflection of the dollar's weakness on global markets where investors are optimistic that US-China trade talks will be renewed, this increasing appetite for riskier currencies.

In Israel, the Central Bureau of Statistics will announce the August Consumer Price Index (CPI) for August tomorrow. With Israel's annual inflation back in the annual target range of 1%-3%, tomorrow's figure could dictate whether the Bank of Israel will raise interest rates next month off its historic low of 0.1%, or at a later date.

Please read the End User Agreement.
By accessing this page, you agree to the terms and conditions of the End User Agreement.

News provided by COMTEX.

Lt Crude 70.71
Nat Gas 8.668
Corn 357 2/8
Cotton #2 79.13
Gold 1203.3
Copper 2.8445
Euro 1.18280
USD Index 93.798
SP500 E-mini 2932.25
DJIA E-mini 26754
close_icon
open_icon