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Shekel flat in options trade.

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| December 01, 2002 | COPYRIGHT 2002 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Israel Business Arena)

Byline: Avi Weinreb

The shekel was flat against the dollar in derivatives trading this morning, as investors saw little effect from Thursday's terror attacks and continued support from high domestic interest rates.

At web-posting, the shekel stood at NIS 4.653/$ in derivatives trading, a 0.2% depreciation since Friday's representative rate of NIS 4.643/$.

In a report released to investors this morning, local broker Easy Forex said, "The shekel has been on a strengthening trend against the dollar for two weeks, with most of the credit for that falling to the spread between interest rates on the two currencies."

Last week, Bank of Israel Governor ...

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