U.S. Dollar Hits 21-month High Against the Shekel

The greenback is benefiting from the strong U.S. economy, while the shekel is being stung by expectations of another rate cut.

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The dollar on Friday hit its highest level against the shekel since January 2013, with the representative rate set at 3.7930, up 0.69% for the day. The euro rose 0.43% against the Israeli currency to 4.7931...