Friday's shekel-dollar representative exchange rate was set at NIS 3.333/$, 0.15% less compared with Thursday.
Today's option trading implies a shekel-dollar exchange rate of NIS 3.33/$, down 0.1% from Friday's representative rate. Options also reflect a steady shekel-euro exchange rate of NIS 5.25/€, up 0.1% from Friday's representative rate.
Union Bank predicts that the shekel-dollar exchange rate will be traded between its closest support level of NIS 3.33/$ and closes resistance level of NIS 3.416/$.
Friday's shekel-dollar representative exchange rate was set at NIS 3.333/$, 0.15% less compared with Thursday and down 0.9% for the week. The shekel-euro representative exchange rate was set at NIS 5.2408/€, 0.36% less compared with Thursday and down 0.7% for the week.
Published by Globes [online], Israel business news - www.globes-online.com - on May 25, 2008
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