The Ticker: Dollar extends gains on the shekel
Hopes for short conflict and quick economic recovery are dashed.
The dollar on Wednesday continued to strengthen against the shekel, bringing its gains since its latest low on July 15 to 3.8%. On Wednesday alone, the U.S. currency appreciated 0.28% to a Bank of Israel rate of 3.533 while the euro added 0.19% to 4.693. “This is the kind of movement we haven’t see in months,” said Robert Carmeli, foreign-investments manager at Migdal...
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