During the morning’s inter-bank trading, the shekel strengthened against the euro, but he shekel-dollar exchange rate remained unchanged, compared with Friday’s 3.682/$ when the shekel-dollar exchange rate fell 0.14% to NIS 5.02/€.

According to a report in the Globes, Prico CEO Yossi Fraiman said that the Bank of Israel will soon have to intervene in the market. “We expect to see the Bank of Israel resume dollar purchases when the exchange rate hits NIS 3.60/$. The central bank is already preparing to intervene in the foreign currency market, and it cannot be ruled out that we will hear preliminary remarks from it to this effect, in order to maintain the positive effect obtained in keeping the trading conditions created in previous interventions, and in order to stabilize the shekel against leading currencies and help exporters.”