Shekel Reels From U.S. Tax Cut News
News of U.S. President Donald Trump’s proposal for dramatic tax cuts sent the shekel reeling on Thursday, as the shekel-dollar exchange rate rose in favor of the dollar to NIS 3.639/$.
The euro was also up 0.26% against the shekel at 3.97/€.
The euro gain was attributed to the French election polls, which forecast a decisive defeat of pro-Frexit, far-right candidate Marine Le Pen on May 7.
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