web analytics
August 4, 2015 / 19 Av, 5775
At a Glance
News & Views
Sponsored Post


Easing of Fears of Attack in Syria Sinks Shekel-Dollar Rate

The shekel-dollar rate sank to a two-year low Wednesday, reaching to as low as under 3.56 shekels to the dollar, after President Barack Obama called off a Senate vote on giving him permission to attack Syria. One shekel now is worth slightly more than 28 cents, good news for Israelis wanting dollars but terrible for exporters and Americans in Israel whose savings or wages are in dollars.

Last week, when it seemed certain that the United States would attack Syria, the rate was more than 3.66 shekels to the dollar.

Analysts expect the Bank of Israel to buy more dollars to jack up the rate if it falls much lower, but similar measures in the past have proven to have little long-term effect. The rate may move back up because of renewed strength in the American dollar worldwide.

However, the shekel  is expected to grow stronger  in the long term because of an improving economy, reduction of the deficit and the continuing development of the new offshore energy industry that is turning Israel into an energy exporter.

About the Author: JewishPress.com brings you the latest in Jewish news from around the world. Stay up to date by following up on Facebook and Twitter. Do you have something noteworthy to report? Submit your news story to us here.


If you don't see your comment after publishing it, refresh the page.

Our comments section is intended for meaningful responses and debates in a civilized manner. We ask that you respect the fact that we are a religious Jewish website and avoid inappropriate language at all cost.

If you promote any foreign religions, gods or messiahs, lies about Israel, anti-Semitism, or advocate violence (except against terrorists), your permission to comment may be revoked.

No Responses to “Easing of Fears of Attack in Syria Sinks Shekel-Dollar Rate”

Comments are closed.

Current Top Story
Tourist injured by Muslim mob on Temple Mount on August 4, 2015
Rumor: Police Arrest 6 Muslim Waqf Officials Suspected of Attacking, Robbing French Tourist on Temple Mount
Latest News Stories
Tourist injured by Muslim mob on Temple Mount on August 4, 2015

The non-Jewish tourist tried to wave an Israeli flag when he was set upon by the Islamic mob.

Finance Minister Moshe Kahlon.

Finance Minister Moshe Kahlon says he’s ready to present the new state budget to the cabinet Wednesday.

Energy Minister Yuval Steinitz

Minister Yuval Steinitz says “if he were American he would oppose the deal with Iran” and explains why.

An anti-Semitic poster seen in Europe.

A German neo-Nazi politician is accepted to the European Parliament’s Civil Liberties, Justice and Home Affairs Committee.

The Obama administration may intervene in the NY federal district court judgment against the PA.

The Maccabi Games made it to Berlin but anti-Semitism was hardly left behind.

George Soros, Steven Spielberg and Jeffrey Katzenberg have plopped down at least $1 million to Clinton’s super PAC.

The long-planned and long-delayed high-speed train between Tel Aviv and Jerusalem is getting closer Israel Railways has begun to lay tracks for the western section of the line in the Ayalon Valley, west of Jerusalem. The target date for launching passenger train on the new line is January 2018, 17 years after construction began. The […]

The Home Front Command for the first time has deployed female soldiers to guard the front lines in Shechem in Samaria.

The tourist supposedly waved an Israeli flag, at which point the Muslim mob tried to kill him.

The Obama administration also promises not sell F-35 to any other Middle East country – but for how long?

Meir Ettinger, the Shin Bet’s most wanted Jew, is suspected of leading a national underground revolutionary movement.

Israelis enjoy kayaking in the Jordan river in Northern Israel on August 2, 2015, as temperature reached 47 degrees Celcius in some parts of Israel.

New York Democratic Congresswoman Kathleen Rice will vote against the Iran deal.

Arab terrorists threw firebombs at a Jerusalem car, severely burning the driver and two more people.

More Articles from Jewish Press News Briefs
Tourist injured by Muslim mob on Temple Mount on August 4, 2015

The non-Jewish tourist tried to wave an Israeli flag when he was set upon by the Islamic mob.

Two of 20 bridges on the Tel Aviv-Jerusalem high-speed train line.

The long-planned and long-delayed high-speed train between Tel Aviv and Jerusalem is getting closer Israel Railways has begun to lay tracks for the western section of the line in the Ayalon Valley, west of Jerusalem. The target date for launching passenger train on the new line is January 2018, 17 years after construction began. The […]

The tourist supposedly waved an Israeli flag, at which point the Muslim mob tried to kill him.

Israeli soldiers deployed at the Gaza security fence shot over the heads of Arabs who had approached the no-go zone Monday, Palestinian Authority media reported. No one was injured. Arabs frequently approached the security fence, usually with intentions to infiltrate into Israel or to carry out a terrorist attack on the spot. Palestinian Authority media […]

The body of missing Israeli back packer Dor Cohen has been found in Georgia.

An Israeli citizen is killed in Thailand while traveling from Pattaya to Bangkok.

A Gva’ot woman was hurt Sunday in a rock attack on her car by Arab terrorists in Samaria.

Printed from: http://www.jewishpress.com/news/breaking-news/easing-of-fears-of-attack-in-syria-sinks-shekel-dollar-rate/2013/09/11/

Scan this QR code to visit this page online: