Bank of Israel Intervenes in Forex Market in Effort to Limit Shekel's Appreciation, Traders Say

Central bank marks first intervention in forex market since 2011, after dollar falls below NIS 3.6.

Shelly Appelberg

Apr 08, 2013 4:10 PM

The Bank of Israel bought $100 million in foreign currency trading on Monday, marking the first time it has intervened in the forex market since July 2011, dealers said.

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