BREAKING NEWS

Shekel strengthened on Fischer IMF disqualification

By JPOST.COM STAFF, GLOBES

JUNE 14, 2011 11:45

The news that BoI Governor Stanley Fischer has been disqualified from the race for IMF chief due to his age has strengthened the shekel.

The shekel-dollar exchange rate fell 1.11% to NIS 3.96/$ and the shekel-euro exchange rate fell 0.56% to NIS 4.902/€.

On Saturday, when Fischer first announced his intention to make a bid for the IMF position, the shekel weakened against leading currencies.

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