Bank of Israel Buys Up Dollars, Reverses Slide Against the Shekel

Purchase of $75 million to $100 million Tuesday morning nudges U.S. currency to NIS 3.59, after it bottomed out at NIS 3.58 in morning trading.

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The Bank of Israel snapped up $75 million to $100 million in ongoing trading this morning as the U.S. currency continued to weaken against the shekel, pushing the exchange rate up to its current level of NIS...