US Fed chairman Ben Bernanke said the Fed will purchase more US government debt with funds it receives from maturing mortgage securities it previously bought.
18 August 10 10:17, Yossi Nissan
The shekel is little changed against the dollar today, while strengthening somewhat against the euro.
The shekel-dollar exchange rate is up 0.01% to NIS 3.7805/$, and the shekel-euro exchange rate is down 0.25% to NIS 4.8502/€.
Federal Reserve Board Chairman Ben S. Bernanke said the Fed will purchase more US government debt with funds it receives from maturing mortgage securities it previously bought. The move was seen as expansionary monetary policy, and helped boost US investor confidence.
Later today, the Bank of Israel is expected to report its composite State of the Economy index.
Yesterday, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.78/$, 0.605% lower than the day before, and set the shekel-euro representative exchange rate at NIS 4.8624/€, 0.218% lower than the day before.
