The shekel loses ground against the world's leading currencies: dollar is up 4% and trades at 3,879 NIS

Posted on Mar 17, 2020 by Ifi Reporter - Dan Bielski

The shekel also loses on the second day of trading this week against the world's leading currencies, following the dramatic decision by the Central Bank on Sunday to lower interest rates to zero and inject huge sums into markets: the dollar is up 4% and trades at 3,879 NIS, the euro climbs 2.6% compared to the local currency to NIS 4.27 (returned to its level a year ago). The pound adds 0.7% and trades at NIS 4.61.
Tel Aviv Stock Exchange wiped out - TA 35 weakened 0.1%, TA 125 lost 0.3%, banks index cut 2%. Stock exchange trading opened positive after a six-minute delay, and the leading indices moved to positive returns from the beginning of the week.


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