Flash: Israeli Shekel Trading Under 4.09 in Late Trading
Written by: Aaron Katsman | March 1, 2009
After moving almost non-stop from 3.2 -4.2, the Shekel has spiked the last few days as once again people get nervous over the US dollar. Currently trading after hours at 4.075, the shekel has joined most trading alone.of the worlds other currency’s, to route the greenback. In fact the euro is up more than 3% against the dollar in today’s global trade.
The question is whether we are in for another round of dollar weakness, or is this some profit taking as traders unwind their positions.
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