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Wednesday, August 09, 2006

Shekel Improves After US Freezes Interest Rate

It looks like America's attempt at rebalancing its own economy is helping their Israeli friends.

(Israel National News) The shekel strengthened following the American Federal Reserve Bank decision Tuesday to keep the interest rate at 5.25 percent, a move that makes the shekel more attractive to investors. The rate in Israel is 5.5 percent.

Not a major item, but this news should help out their economy a bit.

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