Flash: Shekel Breaks Through the 4 Barrier
Written by: Aaron Katsman | January 28, 2009
The US dollar continues its recent strength against the Israeli Shekel, and has just broken through the important psychological barrier of 4:1. With a slowing Israeli economy and record low interest rates, the Shekel doesn’t look like it has a lot of fundamental support and many analysts are looking for a straight down move to 4.25.
No comments yet.