Subscribe to Print Edition | Thu., March 20, 2008 Adar2 14, 5768 | | Israel Time: 14:35 (EST+7) web haaretz.com   Back to Homepage Rosner's Domain Diplomacy Defense Jewish World Opinion National Print Edition Advertising Books Arts & Leisure Business Real Estate Easy Start Travel Week's End Anglo File

Last update - 11:56 20/03/2008 Tel Aviv stocks drop 1.5% as dollar rises to trade at NIS 3.3914 By Natan Sheva, Haaretz Correspondent Tags: Stanley Fischer  The Tel Aviv Stock Exchange reported a sharp decline of 1.5% on Thursday, even as the value of the U.S. dollar rose by 0.34 percent to be traded at NIS 3.3914. Tel Aviv stocks gained ground on Wednesday, finishing the choppy session firmly higher despite intense intraday volatility and a drop in stocks on Wall Street. On Tuesday, the U.S. Federal Reserve lowered its key lending rate by 0.75% to 2.25%. Advertisement The markets applauded and Nasdaq soared 4.2% that day, the weighty Dow Jones gained 3.5% and the S&P-500 index advanced by 4.2%, which is a huge deal considering how weighty its companies are. By Wednesday, however, the Ben Bernanke effect had waned and U.S. stocks traded in the red. Omens of the downturn did not dismay the locals, it seems Interest rates in Israel are expected to drop between 0.25-0.50% next week, even as inflation continues to rise. Analysts believe continued drops in U.S. interest rates and the weakening of the dollar could lead Bank of Israel Governor Stanley Fischer to lower interest rates as well. A drop in the New York Stock Exchange on Wednesday also influenced Asian markets, leading to a drop in exchange rates. Related articles: As shekel continues to climb Fischer hints at more forex intervention The dollar is plummeting but prices remain stable Israel Bank intervenes in foreign currency market, buys dollars Bookmark to del.icio.us   Free interpretation Yesha rabbinical council ruled it is forbidden for Jews to employ Arabs. Little Africa Tel Aviv is setting up a tent city to improve the living conditions of African refugees.   1.   wrong dollar rate in article 12:32  |  Shlomo 20/03/08   2.   Don`t even think about catching those falling knives 14:11  |  Clickfool 20/03/08

Today Online Yesha rabbi: Jewish law forbids renting houses to Arabs Responses: 144 Palestinian Americans warned of security profiling at B-G Airport Responses: 101 Egypt agrees to take over as Gaza power supplier Responses: 45 Shmuel Rosner: U.S. Mideast pressure - just a lazy routine Responses: 12 Abe Foxman: Anti-Semitism is not just a Jewish problem Responses: 16 Rosner's Domain Will Abu Mazen run for a second term? McCain rep to Jewish crowd: Christian right 'serious problem' Were Shakespeare's Plays Written By A Jewish Woman? (WTR) Rosner's Mailbox: I used to believe that you just hated Hillary Poll: Is the "road map" still relevant? More Headlines 14:16 Some 2,800 African refugees have entered Israel this year 14:33 Medics: IDF kills Gaza civilian; 2 killed in Hamas training camp 13:57 In Russia's third largest city, the blood libel is resurfacing 09:32 Egypt agrees to take over as Gaza power supplier 11:41 Becoming Amy Winehouse... but just for Purim 10:08 Student who helped kill gunman defends cop who didn't pursue him 12:05 Israel, U.S. commanders test 'extreme' scenarios in joint drill 12:14 The man whose pictures frame Israel's collective memory 08:23 Jewish Agency mulls closing its historic immigration department 14:35 Italy treating Bin-Laden accusation of 'new Crusade' as serious threat 08:13 Obama belittles McCain for confusing Shi'ite and Sunni extremists 08:28 Palestinian Americans warned of security profiling at B-G Airport 11:56 Tel Aviv stocks drop 1.5% as dollar rises to trade at NIS 3.3914 09:44 Sheldon Adelson wins millions in damages from British newspaper Previous Editions Select Day 19 mar 18 mar 17 mar 16 mar 14 mar 13 mar 12 mar 11 mar 10 mar 09 mar 07 mar 06 mar

Special Offers Advertisement FAREWELL ISRAEL New Film The Coming War for Islamic Revival - View Movie Trailer READY FOR PURIM? BUT - Who Will Guard The Hamentasch? Free the Palestinians from: Corrupt Kleptocracy, Tyrannical Theocracy, Abysmal Anarchy Long-term Israel programs MASA is your gateway. More programs. More grants. NEW! Dan Boutique Jerusalem Hotel Hip Dan Hotel in Jerusalem. Attractive Introductory Rates 7589 rockets fired so far HELP US TO HELP THEM FREE JEWISH HISTORY COURSE Berel Wein's best selling lectures. 5000 Years in Five hours /CD/MP3 Marina Royale Herzelia Pituach Your Luxurious Suite While Staying in Israel Fattal Hotel Chain Perfectly located hotels on best resorts of Israel. ISRAEL BONDS Build Israel Israel bonds - a multi-purpose way to celebrate Israel's 60th Eldan Rent a Car Israel's leading car rental company offers you a 20% discount on all online reservations Junkyard Junk a car - get free towing nationwide and a tax-deductible receipt

Home | TV | Print Edition | Diplomacy | Opinion | Arts & Leisure | Sports | Jewish World | Underground | Site rules |

Haaretz.com, the online edition of Haaretz Newspaper in Israel, offers real-time breaking news, opinions and analysis from Israel and the Middle East. Haaretz.com provides extensive and in-depth coverage of Israel, the Jewish World and the Middle East, including defense, diplomacy, the Arab-Israeli conflict, the peace process, Israeli politics, Jerusalem affairs, international relations, Iran, Iraq, Syria, Lebanon, the Palestinian Authority, the West Bank and the Gaza Strip, the Israeli business world and Jewish life in Israel and the Diaspora.

© Copyright  Haaretz. All rights reserved