Bank of Israel buys $100-150 million to halt shekel’s appreciation
Observers believe the failure to appoint a permanent central bank governor has contributed to the declining dollar-shekel exchange rate.
The Bank of Israel renewed its interventions in the currency market on Tuesday, buying an estimated $100-150 million after the shekel-dollar exchange rate fell to 3.54. The move resulted in a slight increase in the value of the dollar relative to the shekel, which was trading at NIS 3.55 later on Tuesday. The euro, by contrast, continued losing value relative to the shekel, trading at NIS...
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