Dollar Buying May Be Israel's Way Out of Stronger Shekel: ChartBy
The strengthening shekel may force the Bank of Israel Governor Karnit Flug to follow through on her pledge this month to buy dollars to stem the advance, which is hurting exports that account for about a third of the country’s economy. An intervention cited by traders on April 1 triggered a 0.9 percent depreciation over four days against a basket of currencies, the central bank’s preferred exchange-rate measure. The shekel has since rebounded, setting a record high this week.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Smartphones Are Killing Americans, But Nobody’s Counting
- Turns Out It Will Be Congress’s Fault When Stocks Crash
- Stocks Drop, Yen Gains as Investor Jitters Return: Markets Wrap
- Why a Pub in the Middle of Nowhere Was Named the World’s Best Restaurant
- Facebook and Google Helped Anti-Refugee Campaign in Swing States