Weak shekel and rising dollar

Bethlehem-Ma'an-The foreign exchange trading week opened on the Tel Aviv Stock Exchange with renewed weakness for the shekel against the backdrop of the stalemate in talks on a prisoner swap deal and a ceasefire. The euro, which is growing stronger in the world, is also rising more than the dollar in Israel, and is already up 1.3% against the shekel to about NIS 4.1. This is compared to the representative rate set by the Bank of Israel on Friday, which is NIS 4.04. The dollar rose by 0.8%, trading at 3.71 shekels, compared to the representative price on Friday, which was 3.68 shekels. Analysts point out that any progress or withdrawal from the agreement between Israel and Hamas will lead to major changes in currency prices as well as in the Tel Aviv Stock Exchange. SourceMaan News Agency