July 04, 2016 BY Valentina Kirilova

Why is Bank of Israel buying hundreds of millions of dollars?

The shekel continued to strengthen for a fifth straight session and there's a dealers' rumor that The Bank of Israel bought hundreds of millions of dollars of foreign currency on Monday. One dealer at an Israeli bank said the central bank started buying at a dollar-shekel rate of around 3.84. The dollar-shekel exchange rate rapidly moved…

Read more