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Last update - 13:55 31/01/2008 Shekel hits 10-year high against dollar as U.S. interest rates cut By Shlomi Sheffer, TheMarker Correspondent Tags: Israel, Dollar  The dollar on Wednesday hit a 10-year low against the shekel, following the U.S. Federal Reserve's second reduction of interest rates within a week. The dollar dropped an additional 1 percent on Wednesday and was being traded at NIS 3.61. Since Israel's interest rates are expected to remain unchanged, the dollar's ongoing downward spiral is likely to continue. Advertisement The brokerage firm Finotec told Haaretz that when further reductions of U.S. interest rates ensue, the dollar may reach NIS 3.55. Related articles: Dollar dives 2% against shekel to NIS 3.64 in bank trading Dollar continues to drop, falling another 0.8 percent to NIS 3.680 Lion, bear, deer, dollar Market Report / TASE rebounds as dollar hits 9-year low Bookmark to del.icio.us   Painful lessons The IDF has already learnt lessons of the Second Lebanon War. Brothers in guilt 'We are all guilty; is an effective summary of the final Winograd report.   1.   Wall Street has the Fed by the short and curlies 18:51  |  Clickfool 31/01/08

Today Online Olmert allies: PM won't quit despite damning war probe report Responses: 75 Jewish group to build 200 new homes in East Jerusalem Responses: 122 Winograd: Current use of cluster bombs not in line with int'l law Responses: 52 Israel says Libya unworthy of seat on UN Security Council Responses: 34 Israel Harel: Public shares blame for mistakes in war Responses: 11 Rosner's Domain The campaign for Darfur has achieved all its goals - but one Has the era of Orthodox women rabbis arrived? (WTR) Rosner's Guest: Too many Jewish organizations? Poll: Is there a "constant virulent campaign" against Obama? Back to divestment from Israel (WTR) More Headlines 18:27 Opposition leader Netanyahu: Olmert is incompetent, unfit to lead 15:35 Peretz: Lebanon War was missed opportunity, but was necessary 17:30 Lebanon: Winograd war probe report sets scene for future war 16:56 IDF kills Palestinian approaching Israel border in southern Gaza 16:55 PM to appear before Knesset session devoted to Winograd 16:18 German authorities charge 22-year-old man with stabbing rabbi 18:42 Cut Internet cables off Egypt coast cause outages across Mideast to India 16:53 Egypt blocks Gaza cars from Sinai, pedestrians still entering 13:55 Shekel hits 10-year high against dollar as U.S. interest rates cut 18:35 Brazil judge bans carnival float depicting naked Holocaust victims 14:22 Winograd: Current use of cluster bombs not in line with int'l law 18:48 U.K. Conservative likens European Parliament to Nazi Germany 16:54 Beijing's only Kosher restaurant mulls second branch ahead of Olympics Previous Editions Select Day 30 jan 29 jan 28 jan 27 jan 25 jan 24 jan 23 jan 22 jan 21 jan 20 jan 18 jan 17 jan

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