The American currency and the euro strengthened against the shekel today ahead of the U.S. Federal Reserve's announcement tomorrow on a likely interest rate rise.
The dollar was up just over 0.1% against the shekel at 3.86 shekels, while the euro rose more than 0.3% to 4.23 shekels to the single-zone currency, according to the Globes site.
Israeli financial analysts said the dollar was stuck around the 3.85 level, and even though the Federal Reserve will tomorrow likely raise interest rates the market is acting cautiously.
It seems that the Fed will have little choice but to raise rates as a further delay to the rate rise will only serve to cause more uncertainty on the markets.
Furthermore, the steep fall in the price of oil, volatility in financial markets and difficulties in China and the euro zone are serving to reduce the likely number of rate rises in 2016, analysts added.
