The shekel has strengthened against the dollar, but weakened against the euro in morning inter-bank trading today. The shekel-dollar exchange rate has fallen 0.47%, compared with yesterday's representative rate, to NIS 3.665/$, and the shekel-euro exchange rate has risen 0.15% to NIS 4.922/€.
In international markets, the dollar has weakened 0.3% against the euro to $1.3442/€ against the euro.
Yesterday, the Bank of Israel further tightened mortgage lending, while in the US, analysts are wondering when, or if, investors will begin to respond to what is being called the "fiscal cliff 2" and the threatened budget sequester.
Prico Israel CEO Yossi Fraiman said, "Recent declarations by Governor of the Bank of Israel Stanley Fischer on the commitment of central banks to stable prices, employment and growth augurs significant, focused declarations by the Bank of Israel in the near future if the shekel strengthens to below NIS 3.65/$.
