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View Full Version : Israel's Shekel Weakens as Deficit Boosts Rate Bets - Bloomberg



NewsWhore
11-07-2011, 06:10 AM
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Israel&#39;s Shekel Weakens as Deficit Boosts Rate Bets (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFapA_sA0UIBNx-jUj60-4vEB0TgQ&url=http://www.bloomberg.com/news/2011-11-07/israel-s-shekel-weakens-as-deficit-boosts-rate-bets-correct-.html)
Bloomberg
The currency may weaken to 3.77 per dollar in coming weeks, according to Adiv Kabiri, senior currency dealer at Gift Asset Management Ltd. in Tel Aviv. “A higher deficit and lower tax revenue in October are further signs that growth in the economy is ...

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