Mixed Fortunes in Forex: Dollar Up to 3.65, Euro Weakens

The Bank of Israel announced on Sunday that it bought $1.44 billion in June. At the end of last month, Israel's foreign currency reserves stood at $78.22 billion.

The Bank of Israel announced on Sunday that it bought $1.44 billion in June, the last month in which Stanley Fischer served as governor of the central bank, Globes reported.

Within the overall amount of dollars acquired last month, $240 million as part of the central bank's ongoing foreign exchange buying program which aims to cancel out the effect on the dollar-shekel exchange rate of gas being produced off Israel's coast.

As a result, Israel's foreign currency reserves at the end of June were $78.22 billion – a rise of $570 million from May.