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Shekel gains as rate slips below NIS 3.20/$ Leumi Capital Markets head of market strategy Kobi Levi sees the shekel trading in the NIS 3.12-3.32/$ range in 2021. The shekel is strengthening today against the dollar and stable against the euro. In afternoon inter-bank trading, the shekel was down 0.56% against the dollar at NIS 3.185/$ and up 0.02% against the euro at NIS 3.932/€. Yesterday, the Bank of Israel set the representative shekel-dollar rate 0.094% lower from Monday, at NIS 3.203/$, and the representative shekel-euro rate was set 0.279% lower, at NIS 3.931/€. The dollar is weakening on world markets after the Democrats look poised to gain control of the Senate, disappointing investors, who had wanted Congress to moderate Joe Biden s economic policies. Consequently, the shekel has pushed the dollar below NIS 3.20/$ for the first time since October 1996 after gaining 7% against the dollar in 2020 and strengthening 8% against the US currency in 2019. Analysts expect the

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