The US dollar was trading at 3.92 shekels, while the euro climbed to 4.3 shekels. Analysts believe that if it falls below 3.9 shekels, there will be a significant decline.
The dollar-shekel exchange rate reacted today (Monday) to the disappointing US job figures released on Friday, with the greenback falling 0.9% to 3.92 shekels. Meanwhile, the euro climbed 0.6% to 4.3 shekels, according to Israeli financial daily Globes.
Just 126,000 jobs were added to the US labor market in March, compared to predictions of 245,000 jobs, compared with the addition of 295,000 jobs in February.
The unemployment rate remained unchanged as expected at 5.5%. According to a Financial Times analysis over the weekend, the possibility of a raise in interest rates in June outlined by the Federal Reserve Chairman, Janet Yellen, last month is now unlikely.
Financial analysts say the poor jobs figures will have an impact on US stock exchanges and on the dollar's performance against other currencies.
