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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