Forex Market: Shekel Strengthens Further

Forex Market: Shekel Strengthens Further

October
01
2015
The euro declined by 0.8% against the Israeli currency to around 4.37 shekels, while the US dollar edged down 0.1% to 3.92 shekels.

In the foreign exchange markets, the shekel is continuing to strengthen, in particular against the euro.

 
The euro-zone currency is down around 0.8% to around 4.37 shekels. The dollar has weakened by a much lower figure – down 0.1% to 3.92 shekels, according to the Calcalist financial daily.

On global markets, the euro is down 0.2% against the dollar to 1.114. The reason for the weakness of the euro is poor macro-economic data from Europe. Global markets are waiting for the American unemployment report which is due out today.

Inflation in the euro-zone turned negative in September for the first time in six months, with prices in the region declining by 0.1% compared with the same month last year, according to the EU statistics agency.