The shekel has strengthened against the dollar and is flat against the euro in morning inter-bank trading today. The shekel-dollar exchange rate has fallen 0.25%, compared with yesterday's representative rate, to NIS 3.521/$ and the shekel-euro exchange rate has fallen 0.03% to NIS 4.777/€.
On Monday, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.53/$, up 0.20% on Friday's rate, and set the shekel-euro representative exchange rate at NIS 4.778/€, down 0.39%.
In international markets, the dollar has weakened 0.2% against the euro to $1.357/€ and weakened 0.2% against the pound to $1.6387/£, but strengthened 0.2% against the yen to ¥103.11/$.
FXCM Israel says today that foreign currency traders are waiting for Friday's US jobs report, which could determine when the Federal Reserve will begin tapering quantitative easing. "Movement by the exchange rate above NIS 3.545/$ could again tip the scales and pave the way to the next resistance level of NIS 3.57/$."
