The euro strengthened very slightly against the shekel to 4.379. The Bank of Israel will make its monthly interest rate announcement later on Monday.
The shekel's trading performance against the main global currencies was mixed today (Monday), ahead of the Bank of Israel's interest rate announcement for March.
The US dollar weakened by 0.3% against the shekel and is being traded at an inter-bank rate of 3.85 shekels to the greenback.
Meanwhile, the euro is up very slightly to 4.379 shekels. And on global markets, the euro is stable against the dollar at 1.138 dollars to the Eurozone currency.
The Bank of Israel will make its monthly interest rate announcement at 4pm Israel time on Monday.
Analysts expect the central bank to leave the benchmark interest rate unchanged, despite signs of deflation and the strengthening of the shekel against the euro in recent weeks.
"Despite the negative inflation rate for January and a certain strengthening of the shekel over the past month, the central bank is not expected to lower the interest rate. The economic growth figures for the fourth quarter were encouraging and the dollar is also expected to strengthen in the medium term," the Globes financial daily reported on its website.
