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“And the award for the most creative excuse for joining currency wars goes to…”
… the Bank of Israel! On Monday, Bank of Israel cut interest rates in a surprise decision to 1.5% from 1.75%. Also, they are done with watching the Shekel strengthen against the dollar: “Beginning this year, and in coming years, the Bank of Israel will purchase foreign exchange in order to offset the effect of…
Month: May 2013
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