Israeli Shekel Expected to Remain Under Pressure
NEWS
London--The Israeli shekel is likely to remain under downward pressure during the latest upsurge of violence between Israelis and Palestinians in the West Bank and Gaza, currency dealers said at the end of last week.
The shekel hit a four-month low of 4.1260 to the US dollar on October 12, the day the crisis worsened as Israel attacked Palestinian targets in retaliation for the lynching of two Israeli soldiers. The currency rallied a little as the week ended.
However, analysts said the downward
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