Friday, August 29, 2008

Israeli shekel falls to 15-day low against US dollar

Against the US dollar, the Israeli shekel edged down during early deals on Friday. At about 2:30 am Eastern Time, the shekel touched 3.5941 per dollar, compared to 3.5837 hit late New York Thursday. This set a 15-day low for the local currency. If the Israeli currency moves further down, it may test support around the 3.61 level. The pair is now worth 3.5920.

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