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Monday, December 21, 2020

US dollar in freefall against shekel

 


The US dollar rallied somewhat against the shekel on Monday morning, hitting NIS 3.426 after plummeting to 3.23 on Friday. This marks the lowest point for the US currency since 1996.

The euro also dropped and was trading at 3.955 against the shekel.

The Bank of Israel has stepped up its acquisition of USD since November in an attempt to stem the decline in the demand for the dollar.

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