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Shekel devalues against dollar to NIS 2.98: The Bank of Israel yesterday intervened heavily in the foreign currency market, for the second day in a row, causing the shekel to devalue by nearly one percent against the dollar to NIS 2.98.
Even after losing over 1.25% against the dollar in the past two days, the shekel is still 1.26% higher than the dollar was at the end of last year. The massive purchase of dollars yesterday also led the currency basket to gain a more modest 0.731% against the shekel to NIS 3.4695....