Tuesday, September 23, 2008

Israeli shekel sets fresh multi-month high against dollar, Tuesday, September 23, 2008 9:21:13 AM

The Israeli shekel jumped to a fresh multi-month high against the US dollar on Tuesday morning in early New York trading. By 9:10 am ET, the shekel set 3.3965 against the dollar, the highest level since July 18 of this year. The dollar-shekel pair that closed yesterday`s trading at 3.4054 is currently worth 3.4030.

Traders continued to mull the Bank of Israel`s decision yesterday to leave its short-term borrowing costs unchanged. The central bank`s decision to retain its key lending rate at 4.25% was widely expected.


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