The Bank of Israel reports that on Tuesday, December 29, currency trading resulted in a moderate appreciation of the dollar and a sharp depreciation of the single European currency to the Israeli shekel.
The dollar rose 0,390% and amounted to 3,860 NIS per $1. The Euro fell 0,873% and amounted to 4,008 NIS per €1.
Trading on the tel Aviv stock exchange are characterized by currently mixed.
27 Dec monetary Commission under the leadership of the head of the Central Bank Karnit Flug decided to leave the interest rate for December unchanged at 0.1%. The last time the discount rate was lowered in February 2015 — 0.15%.
On the same day the Bank of Israel intervened in the course of interbank foreign exchange trading by purchasing on the open market $ 300 million. The result of this step, the U.S. dollar exchange rate, depreciating the morning by 0.8%, up 1% compared to the official rate on Monday. The single European currency also rose 0.7%.