The Israeli shekel strengthened against the dollar in Wednesday morning trading, with the dollar falling to 2.99 shekels, below the symbolic 3-shekel threshold, according to N12 financial reporter Yuval Sadeh. The euro also weakened, trading at 3.45 shekels.
Wednesday's morning trading saw the dollar drop below the 3-shekel level to 2.99, with the euro also declining to 3.45 shekels, according to N12 financial reporter Yuval Sadeh. The move marks a reversal after the shekel weakened in recent weeks; the dollar had traded above 3 shekels since late June, reaching as high as 3.073 on July 30, as The Zioneer reported. The current rates are live trading levels, not the Bank of Israel's official representative fixing, which is set later in the afternoon. The euro's decline to 3.45 shekels also reflects shekel strength against the European currency.
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