Category: strongly
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Shekel gains strongly after Sinwar’s demise
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The shekel rose strongly this morning after the Israeli army confirmed last night that it had killed Hamas leader Yahya Sinwar. In interbank transactions, the shekel-dollar price decreased by 1.40%, reaching 3.71 shekels/dollar, and the shekel-euro price decreased by 1.77%, reaching 4.023 shekels/euro. The main question in the wake of…
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Shekel rebounds strongly despite continued tension
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Despite Israel remaining on edge following Iran’s vow to avenge the assassination of Hamas political leader Ismail Haniyeh in Tehran last week, the shekel made sharp gains today. The day’s gains cap a week of shekel weakness that saw the Israeli currency trade at its weakest level against the U.S.…
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Fed Kept Its Interest Rates Steady But Strongly Hinted At A September Rate Cut
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As expected, the US Federal Reserve kept its target interest rate range at a 23-year high of 5.25%-5.50% in July. The Federal Reserve Bank indicated in its statement the following: Job gains “It has been modified,” a change from the previous statement that said it “remains strong.” the Unemployment rate…
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China autos group ‘strongly dissatisfied’ with EU anti-subsidy tariffs By Reuters
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SHENZHEN, China (Reuters) – China’s auto industry association said in a statement on Saturday it was “strongly dissatisfied” with anti-subsidy tariffs proposed by the European Union. The European Automobile Manufacturers’ Association said in a post on Chinese messaging app WeChat that manufacturers had cooperated with the European Commission’s investigation into…