Bank of Israel Chief Sends Dollar Sharply Lower After Remarks on Monetary Policy

U.S. currency loses as much as 1.7% as market judges Flug insufficiently determined to fight shekel appreciation.

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The dollar lost as much as 1.7% of its value against the shekel on Monday after Bank of Israel Governor Karnit Flug gave her first-ever press conference on monetary policy, which analysts said dashed hopes the...