Euro Falls to Historic Low Against Shekel

Euro Falls to Historic Low Against Shekel

The euro is down to 4.136 shekels, while, the dollar rose by 0.5% to 3.783 shekels. Israel's CPI in June was 0.3%, slightly above expectations. Greece approves deal with creditors.

The forex market is trading today in a mixed trend against the major currencies, Globes reported.

The stronger dollar is up by 0.5% against the main currencies and is being traded between banks for 3.783 shekels. The euro has weakened by 0.3% and registered a new historic low of 4.136 shekels.

In the global foreign exchange markets, the euro has weakened against the world's major currencies after the Greece Parliament last night approved reforms and laws which she undertook in the framework of the agreement with her creditors.

The euro weakened against the dollar by 0.2% and traded around 1.09 dollars to the euro. Today the European Central Bank publishes its interest rate statement and is expected to refer to developments in Greece.

Locally, the inflation rate for June was published. It came in at 0.3%, above market expectations of 0.2%. in the last 12 months, there has been a 0.4% decline in the inflation rate, and since the start of this year, a decline of 0.2%.