Currency


Concerns Over President Trump Dent Stocks, Dollar

Concern that President Donald Trump’s reform agenda could be slowed down, and that President Trump himself could even face the threat of impeachment, added to disappointing U.S. economic data on…

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Strong Shekel Defies Bank Interventions

Bank of Israel interventions in the foreign currency market aimed at stemming the surge of the shekel have met with little success in recent days. Despite the Bank’s large purchases…

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Clash Over Israel’s Foreign-Currency Reserves

A financial expert scathingly criticized the Bank of Israel’s management of its foreign-currency reserves Thursday, alleging massive lost investment opportunities, Globes reported. Hedge-fund consultant Avi Tiomkin, the chief investment officer…

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Sterling Gets Market’s Vote, Stocks Cold-Shouldered

Sterling stole center stage in Asia on Wednesday amid speculation that Britain’s surprise decision to call a snap election could ultimately deliver a more market-friendly outcome in its divorce from…

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Int’l Credit Firm Ups Israel’s Credit Rating

International credit-insurance firm COFACE (Compagnie Française d’Assurance pour le Commerce Extérieur) has raised Israel’s credit rating a notch, to A2-Low, from A3. Israel’s macroeconomic performance is among the best in…

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Kahlon: Strong Shekel Not a Crisis

Finance Minister Moshe Kahlon sought to calm exporters at a conference of senior government officials and private sector leaders on Monday, after the shekel maintained strength against the dollar and…

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