Bank of Israel’s Intervention Fails to Boost the Weak Dollar

Shekel remains strong, to the chagrin of exporters trying to keep their products competitively priced.

The Bank of Israel intervened once again in the dollar market Thursday, failing to boost the greenback beyond 3.447 shekels – near its lowest level in three years. The central bank, led by Governor Karnit Flug, bought between $100 million and $150 million.