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USD tops NIS 4 for 1st time since Sept. ’12

The US dollar climbs 0.8 percent and hits NIS 4. 017, passing the four shekel threshold for the first time since September 2012.

A positive American employment report published last week, indicating 295,000 new jobs and a drop in the American unemployment rate, is seen as the main reason for the US currency’s hike.

The dollar’s rise may be bad news for importers or even addicts of eBay and other eCommerce sites; but it is good news for Israeli exporters, since a stronger dollar means Israeli-made products become cheaper for US importers.

The euro, on the other hand, drops 13% and is traded at 4.373 shekels.

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