Thanks $uckers: Israel has ‘Right to Exist’ too
The shekel-dollar exchange rate is down 0.27% to NIS 3.7338/$, and the shekel-euro exchange rate is up 0.63% to NIS 5.1375/€.
The shekel-dollar exchange rate continues to hover in the NIS 3.70-3.80/$ range, where it has traded since August. Yesterday, the Central Bureau of Statistics released first figures showing that Israel's Gross Domestic Product rose 4.4% in annual terms, higher than economists' expectations of around 3.5%. Despite the stronger growth, expectations are that the Bank of Israel will leave the interest rate unchanged at the end of this month, following January's sharp drop of 0.7% in the Consumer Price Index (CPI).
Yesterday, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.744/$, 0.213% lower than the day before, and set the shekel-euro representative exchange rate at NIS 5.1055/€, 0.1% lower than the day before.
http://www.globes.co.il/serveen/globes/docview.asp?did=1000539824&fid=942
Israel economy grows 4.4% in Q4
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