US Dollar Slides To 4-day Low Versus Israeli Shekel
17 February 2010 - 5:12AM
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Against its Israeli counterpart, the dollar traded lower during
New York deals on Tuesday. At about 12:30 pm ET, the pair touched
3.7338, which may be compared to yesterday's closing value of
3.7529. This set a 4-day low for the US currency. If the dollar
falls further, support is seen around the 3.7324 level.
Tuesday, Israel's gross domestic product grew an annualized 4.4%
in the fourth quarter of 2009, after expanding 3% in the previous
three months, the Central Bureau of Statistics reported. A year
ago, it had shrunk 1.6%.
The economy grew for the third quarter in a row. After
registering a further contraction of 3.1% in the first quarter of
2009, the GDP grew 1.2% in the second quarter. The fourth quarter
growth was in line with central bank forecast for an increase of
more than 4%.
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