Lonely Man of Cake

April 26, 2007

Shekel Shocker II

Filed under: Currency,Israel — lonelymanofcake @ 8:54 am

The Shekel continues to strengthen against the US Dollar (or the Dollar continues to weaken against the Shekel), and was ever so close to 4.00 NIS to the Dollar at around 9:30 AM (JST) when it hit 4.002.

As of this minute (11:51 AM), the Shekel is at 4.005 and seems to be headed for 4.00, or below, for the first time in over six years! You can check the live updates here, and I’ll continue to issue updates throughout the day.

Here is a chart of this morning’s activity:

picture-2.png

UPDATE: It seems that the market is not yet ready for a dip below the 4.00 mark, and the Shekel has now “weakened” to 4.025 (as of 5:00 PM).

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