Israeli Shekel Falls From 3-week High Versus Greenback
July 16 2010 - 2:43PM
RTTF2
The Israeli shekel slipped from early morning session's 3-week
high of 3.8453 against the US dollar during New York afternoon
deals on Friday. At present, the shekel is trading near 3.8625
versus the greenback, compared to 3.8661 hit late New York
Thursday.
Israel's annual consumer price inflation eased to 2.4% in June
from 3% in May, official data showed.
In June, the consumer price index rose 0.3% month-on-month
following a 0.4% increase in May, the Central Bureau of Statistics
said. Food prices, excluding prices of vegetables and fruits,
increased 1.3% year-on-year in June and was almost unchanged from
the previous month.
Last month, the Bank of Israel left its benchmark interest rate
unchanged at 1.5%, citing growing uncertainty in the world economy,
stemming from the European debt crisis and its possible effects on
the Israeli economy.
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