Dollar Falls 1.1% Against the Shekel to NIS 3.56, as Fears of Syria Strike Ease

Market players attribute shekel’s appreciation to diplomatic efforts aimed at resolving Syrian chemical weapons issue without American military intervention; Finance Ministry snaps up dollars.

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Lively trading in the foreign currency markets led to an appreciation of the shekel against the dollar and the euro on Wednesday, with a de-escalation in the Syrian crisis seen as largely responsible.