Excerpt from: GFT Analysts in the News
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| February 12, 2008 | | Shekel up against the US dollar in currency trading | The Israeli shekel is gaining in forex trading on the currency market this morning. Fears of a US recession are easing in other countries, and Israel is one of those. The shekel is gaining against the US dollar in currency trading based on yield. Bloomberg reports on the Israeli shekel in forex trading:
``Now that there's a bit of a calmer feeling in the U.S.,
this affects Israel,'' said Yael Brimer, a bond analyst at Tel
Aviv-based Bank Leumi Le-Israel Ltd., the country's largest
lender by assets. ``We're not isolated from the rest of the
world. The calm is leading to gains here, since there's less fear
and less of a flight to safer assets.'' | Topic Tags: currency trading, forex trading, FX market, Israeli shekel, shekel forex trading, US dollar, US dollar currency trading, US recesssion | |
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